Why Hasn’t Treasury Worked Out A Program For Resolution of Non-Bank Financial Institutions?
I don’t understand why Treasury hasn’t put in place a comprehensive plan for the resolution of failed non-bank financial institutions. Paulson and Bernanke said that they were working on a proposal after the Bear Stearns collapse and that a framework for resolution of non-bank financial failures was needed immediately. But 8 months later the world […] [read full story]
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