Nine of America’s biggest banks are being asked to submit plans for how they could be dismantled by the government if the bank was near default. The proposals are a sort of living will for banks.
Some politicians and economists who favor regulation hope that these wills can help address the idea that some financial institutions are too big to fail.
Amy Friend is the managing director of Promontory Financial, and was the chief counsel to the Senate Committee on Banking when Dodd-Frank was being drafted.
Lessons From a Female Union Electrician
President Obama Seeks to Narrow 'War on Terror,' A Closer Look at the IRS Inquiry, Boy Scouts to Allow Gay Members
The DSM and Mental Health in America
Defining Normal After a Diagnosis of Schizophrenia, The Mayor of Oklahoma City, A New Kind of Commencement Speech
Oklahoma High School Seniors Graduate in Tornado's Aftermath
The show is a co-production of WNYC Radio and Public Radio International, in collaboration with New York Times Radio and WGBH Boston.
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