With large banks set to submit their "living wills" - plans for how they could be liquidated in...

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Stone Fox Capital Comments (4554)
 
How in the world is this even possible to submit? The next crisis will greatly dictate what can and can't be liquidated not some document written years ago.

File this under the sounds good, but impractical to implement.
26 Jun 2012, 11:33 AM Reply Like

davidingeorgia Comments (2679)
 
Well duh, Mr. Hoenig. Hmmm...how about this radical idea? Make. Them. Get. Smaller. Since they're also Too Big To Work, it would probably be good for their shareholders as well. It would damn sure be good for the American taxpayer who will once again get stuck with the bill when (not if) one of these bloated whales washes up dead on a beach.
26 Jun 2012, 11:36 AM Reply Like

TomasViewPoint Comments (4246)
 
I would say his tenure at the FDIC will be short. No leadership but plenty of pot shots. This guy is a life long government employee who really has not done much of anything.

Whether bank size is an issue or not this guy needs to realize he is not in Kansas any more and our economy is pretty complex and integrated all over the world. Get used to it.

If large banks are too complex for him it is because he never worked in one and does not really understand the operations of a bank. Empty suit.

And if we want to look at TBTF then let's look at Freddie and Fannie and clean up the backyard first because those have caused unrecoverable losses for the US taxpayer.
26 Jun 2012, 10:05 PM Reply Like

DrHawc Comments (30)
 
It's easy, just include one big blank check from Uncle Sam; tell me it's not so!
26 Jun 2012, 10:12 PM Reply Like