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Market Currents

Thursday, October 29, 2009
12:07 PM TweetThis
  • FDIC's Sheila Bair breaks with the government's plans to address too-big-to-fail firms, saying a resolution authority should be funded in advance - not just by the survivors - to avoid the "pro-cyclical nature of requiring repayment after a systemic crisis." Illinois Rep. Luis Gutierrez is with her: "Most of us don’t die and then buy a life insurance policy." (Bair's statement (.pdf))
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This news story has 3 comments:

  •  
    There goes Bair with that silly "logic" and "common sense" stuff again.

    She does realize she's in D.C. right?
    Oct 29 12:25 PM | Link | Reply
  •  
    Yeah LUIS...and we shouldn't be able to GET SICK and THEN BUY medical insurance, either. Why don't ya chat that up with the Anointed One?
    Oct 29 12:28 PM | Link | Reply
  •  
    They are about to be run over and now they get some common sense. Its not too late, but its not going to help them during an election.
    Oct 29 12:46 PM | Link | Reply
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