Hints and tips:
...We think the SEC should stay away, but we were struck by a thoughtful Twitter thread by Todd Phillips, a policy consultant and former Federal Deposit Insurance Corporation lawyer, arguing the other way....
...What exactly do the Federal Deposit Insurance Corporation and the Federal Reserve Board say they want big banks to do?...
...They, along with Penn Square, were taken over by the Federal Deposit Insurance Corporation, which “resolved” them in liquidation and sale mode....
...First, the government would guarantee all deposits, charging risk-based insurance premia....
...Related links: SEC V. TREVOR G. COOK, PATRICK J. KILEY, ET AL, Case No. 09 CV 3333 – SEC Litigation release...
International Edition