|Re: JP Morgan Chase Execs Vaporize $2B (941348)|
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Re: JP Morgan Chase Execs Vaporize $2B
Posted by SMAZ on Mon May 14 13:34:55 2012, in response to Re: JP Morgan Chase Execs Vaporize $2B, posted by Charles G on Mon May 14 12:11:28 2012.the decision not to bring "Too big to fail" to an end is one of President Obama's biggest failures.
The 2010 law has put "too big to fail" to an end.
Financial institutions now must even submit their "final will and testament" in advance to the gov't even if healthy so that their assets can be disposed of in an orderly fashion if they fail or are on the brink of failure.