What the law says is you may have to pay some of their debts, as Ronald Reagan recognized in 1984 with Continental Illinois.
Barney Frank: “What the law says is you may have to pay some of their debts, as Ronald Reagan recognized in 1984 with Continental…”
On the recordJuly 22, 2014
Source
congress.govEditor's note · Context
Frank discusses legal obligations regarding insolvent institutions.
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