“If a big non-bank institution gets in trouble and threatens the whole system, there ought to be some authority that can step in, take over that organization and liquidate it or merge it — not save it,” Volcker said on CNN. “It’s called euthanasia, not a rescue.”
Volcker says must let big financial firms fail
Most Popular Articles
Latest Articles
Opinion: If you’re chasing volume, you’re chasing the wrong carrot
Producing $100 million in funded loans isn’t success; success is how much net income you made on that $100 million in fundings.
-
Why are existing home prices rising when sales are still so low?
-
FundingShield’s Ike Suri on the limits of AI in fighting fraud
-
Former academy resumes role as Funding Longevity Task Force
-
U.S. Treasury’s financial crimes network warns of elder exploitation
-
Floify integrates with verifications platform Truv
