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To: MythMan who wrote (382591)3/20/2009 1:33:38 PM
From: Real Man  Read Replies (1) | Respond to of 436258
 
Is Ben serious? He's winding down PPT? -g-

finance.yahoo.com

"We have such a regime for insured depository institutions, but
it is clear we need something similar for systemically important
nonbank financial entities," he said in prepared remarks to a
community bankers convention in Phoenix.

"Improved resolution procedures for these firms would help
reduce the too-big-to-fail problem by giving the government the
option of safely winding down a systemically important firm
rather than keeping it operating," he said.



To: MythMan who wrote (382591)3/20/2009 2:43:33 PM
From: Bid Buster  Read Replies (1) | Respond to of 436258
 
Why not?