Share This

Newsvine - Putting a "Seed Newsvine" Link on Your Own Site

AddToAny.com/share_save

Share

Blog2010ray2

http://rl2socialnet.blogspot.com

North America

My Blog List

Wednesday, 2 November 2011

In a Lehman Do-Over, a Larry Summers led panel of regulators finds Too Big To Fail is alive and well - The Curious Capitalist - TIME.com

In a Lehman Do-Over, a Larry Summers led panel of regulators finds Too Big To Fail is alive and well - The Curious Capitalist - TIME.com

2 comments:

RAYLOKE said...

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.

RAYLOKE said...

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.