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« Stubby, We Hardly Knew Ye | Main | A Steeper Yield Curve May Not Matter »

June 01, 2008

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Anthony Demangone

Very interesting post. I always cringe whenever a regulator wants to cure an issue by adding a new layer of disclosures. Such a process makes two major assumptions. One, people read their disclosures. And two, people understand what they read. Your post brings home the fact that both may be faulty assumptions for many, many consumers.

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