Fed finalizes new rule to wind down ‘too big to fail’ banks
"The decision, unanimously approved by Fed board members, forms part of global post-crisis efforts to end ‘too big to fail’ institutions that are so large and complex they could endanger the entire financial system if they fall into bankruptcy."
source:
http://www.currencynewstrading.com/125705/fed-finalizes-new-rule-wind-big-fail-banks/
I have a question!!!! DOES THAT INCLUDE THE FEDERAL RESERVE BANKS???????????
No, FED banks are excluded.
Of course they are! They would NEVER vote themselves out of business.
I bet it won't stop the "too big to jail" banks
The Federal Reserve Banks will do what ever it takes to survive. That includes destroying all their so called friends. I'll bet the IMF is drooling in the background, waiting for their turn to squash the Federal Reserves.