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Governing magazine
Staff writer at Governing magazine
PROFILE
Ryan Holeywell
Guest
FROM Ryan Holeywell
Which Way, L.A.?
City Council Passes Responsible Banking Ordinance Two days after JP Morgan Chase announced its $2 billion loss from risky trading, the New York and Los Angeles City Councils passed so-called responsible-banking ordinances. In LA, it was the result of a three-year effort by City Councilman Richard Alarcón. The vote in favor of Alarcón's measure was unanimous.
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