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February 13, 2013

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MIke Moore

Memo to the Texas and West Va. AG's: your states' citizens would likely lose far more under the traditional bankruptcy route than the new authority (check out the costs and delays of the Lehman Bros. bankruptcy if you want a reference).

Memo to the Kansas AG: give Sheila Bair (an alumnus of your fine state) a call for her very well-informed opinion on the merits of the Dodd-Frank liquidation authority before you proceed further on what appears to be a very ill-founded lawsuit.

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