“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
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Mountain West Financial sells retail assets to ML Mortgage Corp.
In another M&A deal amid a challenging home loan landscape, Mountain West Financial is selling its retail assets to ML Mortgage Corp.