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Financial Crisis ‘Far From Over,’ Panel Says

Posted by Matt in April 11th, 2009

Govt. May Spend More than $4 Trillion but Economy Faces ‘Prolonged Weakness,’ Oversight Panel Reports

“We still have a long way to go. A very long way,” Elizabeth Warren, the Harvard Law School professor who chairs the panel, said in an interview today with Bloomberg News.

But, it said, the economy now faces an “apparently prolonged period of weakness” with regard to financial firms and lending.

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