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Taxpayer money should not have to be spent to save a misguided and mismanaged enterprise.

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Henry Paulson

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We don’t have the necessary laws or powers to deal with failing non-bank institutions. If they’re a big bank, the depositor has deposit insurance, and the regulators can wind them down without throwing them into bankruptcy.

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In all my life, I’ve been trained that when there’s a big problem, you run toward it.

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April 30, 2024

In all my life, I’ve been trained that when there’s a big problem, you run toward it.

Previous

April 30, 2024

We don’t have the necessary laws or powers to deal with failing non-bank institutions. If they’re a big bank, the depositor has deposit insurance, and the regulators can wind them down without throwing them into bankruptcy.

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