Sure it might make sense to have a rule, set to be finalized this week, requiring banks to have resolution plans for quick liquidation in the event of a liquidity crisis. But why does it have to be all about failure?
Banking executives and consultants working for large banks say the rule should include room for what a financial institution would do to nurse itself back to health and avoid having to be liquidated. …
“What we would like to say and what we are trying to encourage in the rule is: Don’t have a rule that is biased toward failure, have a rule that presumes recovery,” said Wayne Abernathy, a top executive at the American Bankers Association.
That idea is being met skeptically by regulators, at least as a component of the living will rule.
Pictured, top right: Tony Romo
Yes (blonde in the back right with a pink bow in its hair)
C'mon Matt, that picture is obviously a visual metaphor of what you think of DB commenters today. Guess what, it is also reflection of how we feel having been subjugated by your posts today. Hopefully your mom makes you nice balanced supper with some warm milk and you can come back tomorrow and try again. We'll still be here, hating you.
Take a lap.
Dude, I think I see Harry Potter and his Asian girlfriend in the second row.
Agree to disagree. Let's just go with "Healthcare Power of Attorney" and I will be in charge of pulling the plug.
Matt, what was the very last thing I said? "No Zombies" – how many times do I have to tell you. Clowns in sewer, YES – Zombies – NO.
Well, my ma said she thought it might be good if try to bring out my creative side while you are away and not require so much supervisory direction.
WHERE'S MY EFFING CHART, MATT?????
Lights on or off?
This is DB you can just say FUCKING.
My tummy had the rumblies….. that only hands can satisfy