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?
- @AmericanAir thanks - I just want to be SAFE and this is a violation of safety rules and endangers the passengers in the row. 4 days ago
- @AmericanAir @American that suitcase slides out every time the plane banks and hits us in the legs, blocking aisle access in an emergency 4 days ago
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