Even Jamie Dimon (JPM) agrees on the need for an FDIC-style resolution authority that would...

|By:, SA News Editor

Even Jamie Dimon (JPM) agrees on the need for an FDIC-style resolution authority that would allow regulators to unwind a big bank without putting it into bankruptcy. While the theory is sound, Andrew Ross Sorkin worries regulators and bankers are disregarding the plan's biggest problem: the cost to taxpayers.