FDIC’s Bair offers too big to fail answer
Sheila Bair, the chair of the Federal Deposit Insurance Corporation, has called for the regulator's mechanism to deal with failed depository institutions to be extended to all bank holding companies.
"Including all bank holding companies would be consistent with market realities, the dependence of affiliated banks on holding company services, and the support holding companies get from the federal safety net," Bair said at the Institute for International Finance's annual meeting in Istanbul. "I
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