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: Mortgage Lender Implode-o-Meter

More on the Resolution Authority Headfake

By Implode-Explode Heavy Industries

"The Powers That Be insist that a magic bullet called a special resolution authority will solve many of the problems with the ?heads I win, tails you lose? taxpayer backstopped financial system with inadequate oversight. The prospect of taking terminally sick banks out and shooting them will supposedly reintroduce moral hazard and make banks behave responsibly again. "

Full post as published by Mortgage Lender Implode-o-Meter on March 08, 2010 (boomark / email).