16 Aug, 2014
Regulators: Mega-Banks Like Citigroup and Goldman Sachs Still a Giant Threat to America | Alternet
August 13, 2014 | We hear a lot of big talk about how Dodd-Frank has made the financial system safer. That law was enacted to make certain that the country never gets blown apart by a financial crisis like the one in 2008.
But does anybody really believe it?
The bank regulators sure don’t. The FDIC just put out a press release summarizing problems with resolution plans submitted by 11 big banks, including Bank of America, Citigroup, Goldman Sachs, and other behemoths. These resolution plans, also called “living wills,” spell out how the banks will handle things in the event the financial shit hits the fan.
via Regulators: Mega-Banks Like Citigroup and Goldman Sachs Still a Giant Threat to America | Alternet.
Loading ...
Liked this article? Share it!