Repeal of liquidation tool would be a major unnecessary error

The OLA is a new bankruptcy-type provision included in Dodd-Frank that gives the Federal Deposit Insurance Corporation the authority to resolve insolvent systemic financial institutions (think future Lehman-like episodes). It allows the FDIC to borrow funds from the Treasury to support the liquidation of such firms with the proviso that in the event of any… Continue reading Repeal of liquidation tool would be a major unnecessary error

The Music Donald Trump Can’t Hear

The Music Donald Trump Can’t Hear

Authoritarians Distract Rather than Debate – Marginal REVOLUTION

Authoritarians Distract Rather than Debate – Marginal REVOLUTION