cyclingscholar

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))

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?