Living Wills for Break Up of Big Banks

[rockerrockstar]

Found an recent article on living wills for the plans to break up the big banks. Do you think we should break up those big banks that are too big to fail? I don't want to be in the situation again where we have to bail them out

Nine of the largest U.S. banks have submitted plans offering roadmaps for how the government could break up and sell off their assets if they are in danger of failing.

The Federal Deposit Insurance Corp. released summaries of the "living wills" on Tuesday for Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS.

The plans were required under the 2010 financial overhaul, which gave regulators the power to seize and dismantle banks that threaten the broader financial system.

full article here.

http://www.google.com/hostednews/ap/...325ee14ad42971