Senator Dodd’s proposed financial regulation would provide the FDIC with the power to liquidate large financial institutions, something they have little experience in. Giving the FDIC this power reinforces the idea that the government is willing to intervene on behalf of large and politically connected financial institutions, thereby institutionalizing "too big to fail."
Friday, April 09, 2010
The Dodd Bill: Bailouts Forever
Posted by macbeach at 3:35 PM