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JP Morgan agreed to pay US$13 b earlier this month to a consortium of US authorities over its involvement in the mis-selling of mortgage-backed securities. But, speaking soon after in a panel discussion in New York, Mr Cutler said: 'At what point does this stop? We should all be concerned because at a certain point people become immune to the numbers.” And, calling for a task force to study how to ensure that regulators do not overlap with each other, he added: 'There has to be a better way to allocate government resources.' Source: Inside Counsel
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