“U.S. banks won’t be rescued by taxpayers, U.S. Treasury Department official Mary Miller said, rebutting investor skepticism that some lenders are too large to be allowed to fail. ‘With respect to this understanding of too-big-to-fail, let me be very clear: It is wrong.’
‘No financial institution, regardless of its size, will be bailed out by taxpayers again,’ Miller said at a conference in New York. ‘Shareholders of failed companies will be wiped out; creditors will absorb losses; culpable management will not be retained and may have their compensation clawed back.'”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
German minister wants to ban sale of Swiss banking data
Were Snowden's Actions Justified? Ellsberg, Mukasey Debate
Greek REIT Said to Seek $1.4 Billion as Investors Return
How your data is used by police, and where it goes wrong
Russia to block US agricultural imports
Sergey Brin says Google 'failed to be on the bleeding edge' of blockchain
Tax Collectors Are Going After Netflix, Airbnb, Uber, Burning Man
At least six tanks leaking at military nuclear waste dump in Washington state
The NSA Reportedly Has Total Access To The Apple iPhone
States Siphon Gas Tax for Other Uses
South Korean troops kill man trying to swim North
U.S. Army Opens Bids To Buy $7 Billion In Renewable Energy
Did a hacker really make a plane go sideways?
Feds will continue to jail pot dealers ‘in all states’
Renters to thank for healthier housing market