what you want to do is eliminate the discretion, put a fixed set of rules in the hands of a bankruptcy judge
Failure has to be an option.
I think that too big to fail is a real concern. I think the real solution is to go to the heart of where the problem is.
I wonder if a better approach is simply to make sure that the taxpayer is not an involuntary shareholder in the institution in the first pla...
In a market-based economy, in a capitalist system, in a free society, you have to be free to fail.
But would you agree that in Title II of Dodd-Frank there is an explicit mechanism by which the regulators are empowered at their discretion ...
Well, I see my time is expired, but Mr. Chairman----
So if, in fact, the Government comes along and bails out institutions, then there is obviously some level of expectation that the Government...
I think that is the basic mentality of Dodd-Frank.
I think Dr. Admati has something she would like to add to this.
So is it your view that if we repeal Title II, which is the bailout mechanism of Dodd-Frank, and we made the reforms necessary for there to ...