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Re: JP Morgan Chase Execs Vaporize $2B

Posted by Charles G on Mon May 14 15:10:01 2012, in response to Re: JP Morgan Chase Execs Vaporize $2B, posted by SMAZ on Mon May 14 13:34:55 2012.

The 2010 law has put "too big to fail" to an end.

I think you are the only person who believes this.

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.

This doesn't make any sense. An organization that fails -- by definition -- has more liabilities than it does assets. They don't call the shots on how the remaining assets are disposed of, the creditors and bankruptcy courts do.

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