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U.S. Economic Situation Is Temporary Malady; CUs Can Provide the Elixir

CU Times Senior Staff Reporter

By David Morrison | Updated on July 22, 2008

HONG KONG — A leading former U.S. legislator and CUNA chief economist each assured world credit union leaders about the fallout from the current U.S. economic downturn.

Former Democratic senator from Maryland, Paul Sarbanes, declined to call for increased regulation of financial institutions when he spoke before world credit union leaders at WOCCU’s 2008 World Credit Union Conference.

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