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Email News Service Apr 08: Financial system needs less vulnerability to Bear Stearns situations, says NY Fed’s Geithner; EU finance ministers split ahead of meeting tomorrow

Simon Turmaine | April 2, 2008

WASHINGTON, April 3 (Global Risk Regulator) – The major challenge now facing regulators is to make the financial system less vulnerable to situations that oblige them to rescue banks like Bear Stearns, New York Federal Reserve Bank president Timothy Geithner told US lawmakers today.

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