There's no point to "living wills" for banks, says Dick Bove. The wills, which are supposed to...

|By:, SA News Editor

There's no point to "living wills" for banks, says Dick Bove. The wills, which are supposed to provide a blueprint for FDIC regulators to deal with banks when they go belly up, simply interfere with a process that has been in place for decades. “I don’t see what the purpose is of coming up with a new statement," Bove quips, "because we’re still going to do it the way it was done 50 years ago.”