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Bankruptcy

: Credit Slips

2Big2Fail -- snow day edition

By Stephen Lubben

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From this morning's Financial Times:

Congress is still discussing proposals to give regulators a new ?resolution authority? to wind down large financial institutions. The new powers could enable regulators to force creditors of failing institutions to ­suffer losses on their debt.

Yes, forcing creditors to take losses . . .  if only we had something like that.

Full post as published by Credit Slips on February 10, 2010 (boomark / email).

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