Bair Says Regulators Lack Spine to Name Systemic Firms – Bloomberg 02-28-13

Salient to Investors:

Sheila Bair at Pew Charitable Trusts said US regulators lack the courage to designate non-bank financial companies systemically important and are not doing their job. Bair said regulators cannot even name as systemic  those companies in the crisis, like AIG and GE Capital, that were named as systemic – yet we can bail out taxpayer money to keep these guys afloat in a nanosecond.

Read the full article at http://www.bloomberg.com/news/2013-03-01/bair-says-regulators-lack-spine-to-name-systemic-firms.html

Free email alerts of articles as soon as they are posted.