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The Ruinous Fiscal Impact of Big Banks

Date: February 3, 2011

Author: Prof. Simon H. Johnson Ph.D.

QUOTE: When reckless banks get big enough, their self-destruction ruins the fiscal balance sheet of an entire country.

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Article MetaInformation:

Key People:

• Prof. Neil M. Barofsky Esq.
• James "Jamie" L. Dimon
• Robert E. Diamond Jr.

Key Organizations:

• New York Times Company
• The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP)

Subject & Geographic Categories:

• Abstract Principles
  • Abuse of Power (Organizations)
  • Diversification
  • Responsibility

• Businesses & Organizations
  • Industry-Specific Issues
    • Banking/Lending

• Worldwide

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