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Dallas Fed Proposes Ending "Too Big To Fail", Urges Removal of Failed CEOs, Breakup of Banks

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Dallas Fed Proposes Ending "Too Big To Fail", Urges Removal of Failed CEOs, Breakup of Banks

Post by Dirtbikepilot on Thu May 03, 2012 9:47 am

2012-05-03 — globaleconomicanalysis.blogspot.it
Fisher said "taxpayer aid to failing banks should come only after the voiding of all employment and bonus contracts ..."

I say taxpayer aid to banks should never happen. Banks and bondholders should take the hit.
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Re: Dallas Fed Proposes Ending "Too Big To Fail", Urges Removal of Failed CEOs, Breakup of Banks

Post by fukushima on Mon May 07, 2012 7:59 am

Dirtbikepilot wrote:2012-05-03 — globaleconomicanalysis.blogspot.it
Fisher said "taxpayer aid to failing banks should come only after the voiding of all employment and bonus contracts ..."

I say taxpayer aid to banks should never happen. Banks and bondholders should take the hit.



Now this looks interesting, if it goes ahead it will be steb one in the Great Shakeub



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