On the recordOctober 28, 1991
The amendment prohibits diversified companies from owning banks, which will stop new capital from voluntarily flowing into banks to absorb losses ahead of the taxpayer.
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presidency.ucsb.eduGeorge H.W. Bush: “The amendment prohibits diversified companies from owning banks, which will stop new capital from voluntarily flowing…”
Editor's note · Context
Statement of Administration Policy: H.R. 6 - Financial Institutions Safety and Consumer Choice Act of 1991
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