In the Media | April 2016

How Regulators Mess With Bankers’ Minds, and Why That’s Good

By Peter Eavis
The New York Times, April 14, 2016. All Rights Reserved.

Bank regulators on Wednesday sent a message that big banks are still too big and too complex. They rejected special plans, called living wills, that the banks have to submit to show they can go through an orderly bankruptcy.

The thinking behind the regulators’ call for living wills is that if a large bank crash is orderly, there will be no need to save it and no need for taxpayer bailouts....

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