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This article is about an entirely separate issue - the Federal Reserve does not have confidence in Wells Fargo's plans for closing down the company if things go
by azernik 10y ago
This article is about an entirely separate issue - the Federal Reserve does not have confidence in Wells Fargo's plans for closing down the company if things go south.
- stuckagain 10y agoThat's another reason to shut it down.
- rhizome 10y agoSo not only too big to fail, but too big to ever go out of business. That's quite a nice setup, almost like a guaranteed basic income.
- azernik 10y agoThat's the point of Dodd-Frank; if the bank gets into this situation, it is no longer allowed to pay out dividends to shareholders, and is limited in the investments it is allowed to make, with the aim of removing it from this situation.
- tedunangst 10y agoDoesn't matter. Every thread from now until the end of time will mention it. Just like Microsoft is a "convicted monopolist".