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Prof. Thomas Cooley on the regulation and fines of global banks

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Excerpt from Bloomberg -- “'Some of this is just old deeds coming home to roost, and it’s taken this amount of time,' Thomas F. Cooley, the former dean of New York University’s Stern School of Business, said about the recent onslaught of fines. Cooley, who now teaches economics there, said he wonders if the global banks have the right oversight and compliance now. 'We’re a long way from there yet.'”

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