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This mechanism can be a powerful multiplier of inequality, and this is especially true in the century that has begun just. In some countries, as the Basel Committee on Banking Supervision, regulators clarifies the definition of regulatory capital for the cooperatives to narrow it down to the accumulated profits and reserves, and shares of the members are not considered part of the equity premium.

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I asked hypothetically if the FDIC could insure foreign deposits in an emergency; Tim believed it could, but Sheila didn Morgan Stanley moved back into the danger zone: its CDS had soared past the 1,000-basis-point mark.

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