Economy

Financial Reform Overview

Karoli brings us this very helpful and informative overview of what's in the FinReg bill. In particular, this jumped off the page:

The end of "too big to fail" Yes, it really does end too big to fail. If institutions are teetering on insolvency and present a risk to the financial system, there is now a procedure in place to unwind them in an orderly fashion without infusions of government dollars to prop them up.

ht Joe Golias