Obama led off with "resolution authority." This is the provision that would give an administration the power to take over a failing megabank, fire its managers, wipe out its shareholders, sell off its assets, and even imposes losses on creditors. That would be an improvement over the status quo, in
Obama led off with "resolution authority." This is the provision that would give an administration the power to take over a failing megabank, fire its managers, wipe out its shareholders, sell off its assets, and even imposes losses on creditors. That would be an improvement over the status quo, in
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Parsing Obama's Wall St. Speech
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