Another Bank Bailout Possible, Says S&P

13 Jul 2011

Taxpayers may be on the hook for future bank bailouts, despite the financial reform that was meant to prevent them, according to Standard & Poor’s.

Taxpayers may be on the hook for future bank bailouts, despite the financial reform that was meant to prevent them, according to Standard & Poor’s. The Dodd-Frank Act gives the Federal Deposit Insurance Corp. the authority to seize and unwind troubled financial institutions deemed too big to fail. ...

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