The FDIC has released its final rule on the orderly liquidation of systemically important financial institutions, here. I remain skeptical that orderly liquidation of a bankrupt large financial institution is possible. What incentive is there for a floundering institution to devote resources to preparing for this when it is fighting for survival? What can the FDIC to institutions that fail to comply , kill them again? Do we really think that this rule will help senior debt holders sleep better or stop the spread of concerns the way concerns spread after Lehman?
- RT @themadstone: The only winner tonight is the Voyager probe, which is speeding away from the Earth at 17 kilometers/second #debatenight 1 day ago
- RT @jimprosser: By any conventional measure, Hillary won resoundingly tonight. The problem is Trump (and his base) don't abide conventions. 1 day ago
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