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Crony Capitalists Invent the “SIFI” Shield for Protection from Competitors and Taxpayers

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Tea Party Conservatives and Occupy Wall Streeters don’t agree on much, but they do agree on one thing — both groups despise crony capitalists and crony capitalism.

Huge corporations, especially banks, insurance companies, and other big financial institutions are nominally born of free-market capitalism where success and growth comes from providing the best services at the lowest prices.  One might think that these huge corporations would therefore favor unfettered competition.  And they do — when ...


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