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Research by Prof. Thomas Philippon on the cost of financial intermediation is cited

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Excerpt from The Wall Street Journal -- "As shown by research conducted by New York University economist Thomas Philippon, the cost of financial intermediation—what the financial sector charges the rest of the economy for its services—began a move around 2000 that would take it by 2010 to its highest level in 140 years."

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Additional coverage appeared in Crain's New York Business.