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Title 18 United States Code Treasury Gov Form

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starting with a housing crisis moving to the collapse of financial powerhouses such as Bear Sterns and Leman Brothers to the bailouts of companies deemed too big to fail treasury secretary Timothy gner says the nation's Financial system is in need of repair over the past 18 months we've faced the most severe Global financial crisis in Generations some of the world's largest institutions have failed confidence in the overall system has eroded uh dramatically testifying on Capitol Hill for the second time this week secretary gner laid out a comprehensive list of reforms to prevent another Financial collapse not modest repairs at the margin but new rules of the game and the new rules must be simpler and more effectively enforced they must produce a more stable system one that protects consumers and investors the proposals represent a major expansion of federal Authority and would give the government power to take over non-bank institutions such as AIG the insurance

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