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Federal Reserve Latest News: Fed's Tarullo Says Glass-Steagall Return not High on His List

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July 15, 2013 AT 1:52 PM
Fed Governor Daniel Tarullo questioned the latest congressional plan to break up big banks, saying it is unclear whether such a move would prevent the next financial crisis. Tarullo, who has been the agency's point man on financial regulation, said regulators should instead crack down on short-term funding methods that leave banks susceptible to runs.