There are, though, real consequences to doing that, because now markets understand that you may, at any point, decide that anyone is large enough and that their debts should therefore be backed up by the U.S. taxpayers.
Warren warns about the implications of guaranteeing debts with taxpayer money.
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It's supposed to be out there regulating the market, but it doesn't appear to be doing it and frankly, doesn't appear to have the people to do it.
At a moment that calls for independent, transparent, and enforceable safeguards, the American people have been left with an entirely voluntary, industry-designed oversight process.
Every worker at Encore has the right to join a union, and you have an obligation to the workers that you promised to employ. We urge you to continue to engage in union negotiations in good faith and to prioritize investment in…
The Administration must stop putting industry profits over the interests of the American people.
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