How banks are structured
The finance lawyer behind Economics of Contempt set out to write a defense of the resolution authority provisions in the Dodd-Frank bill, but then realized that to understand why they would work, "you really have to have an understanding of how the major banks/investment banks are structured, legally, and why that structure causes so many problems in bankruptcy." So he sat down and explained it. The resulting post is well worth your time.
Posted by: chrisgaun | December 28, 2010 12:29 PM | Report abuse
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