Dodd-Frank requires big financial institutions to submit living wills, a plan for how they could be liquidated--and I want to quote the statute here--``in a rapid and orderly fashion'' in bankruptcy without bringing down the economy or needing a taxpayer bailout.
Elizabeth Warren: “Dodd-Frank requires big financial institutions to submit living wills, a plan for how they could be liquidated--and I…”
Editor's note · Context
Elizabeth Warren discusses Dodd-Frank's requirements for financial institutions to prepare for potential liquidation.
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