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ABA Section of Litigation Annual Conference, April 29 – May 1, 2009: Subprime and Financial Crisis: The Response—Legislation, Regulation, Investigations and Litigation 1 The Government’s Response: Enforcement Actions and New Initiatives D. Jean Veta Covington & Burling LLP Washington, D.C. Michael Nonaka Covington & Burling LLP Washington, D.C. With the downturn in the economy and the ongoing credit crisis, banks and thrifts across the country are coming under increased scrutiny from the federal...

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