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Why stocks and bonds slumped — and market volatility soared — after Fed
meeting
-
Stocks and bonds sold off after the Federal Reserve ended its policy
meeting Wednesday with a new set of economic projections that pointed to a
potentially...
18 minutes ago
2 comments:
Putting the fake troubled bank into bankruptcy - which would be actually allowing it to fail - was Jerome Powell, who had been an undersecretary of the Treasury under George H.W. Bush. And even he said he thought Dodd-Frank makes it tougher to allow banks to fail, not easier.
(MORE: Why the Banks are Still Broken)
In the end, the group settled for something that they called Option 3, under Title 2 of the resolution portion of Dodd-Frank, which, for you non-banking law scholars, is a scenario where regulators split the troubled bank into a good bank and so-called bad bank.
Putting the fake troubled bank into bankruptcy - which would be actually allowing it to fail - was Jerome Powell, who had been an undersecretary of the Treasury under George H.W. Bush. And even he said he thought Dodd-Frank makes it tougher to allow banks to fail, not easier.
(MORE: Why the Banks are Still Broken)
In the end, the group settled for something that they called Option 3, under Title 2 of the resolution portion of Dodd-Frank, which, for you non-banking law scholars, is a scenario where regulators split the troubled bank into a good bank and so-called bad bank.
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