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Treasury Official Says ‘Too Big To Fail’ Bailouts Of Banks Won’t Happen Again

 
Anonymous Coward
User ID: 2100952
United States
08/22/2013 05:39 PM
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Treasury Official Says ‘Too Big To Fail’ Bailouts Of Banks Won’t Happen Again
Coincidence with today's events and the meeting Obama had yesterday with financial leaders?

[link to www.ibtimes.com]

U.S. Treasury official Mary Miller said in prepared remarks Thursday evening at a financial industry gathering held in Manhattan that “No financial institution, regardless of its size, will be bailed out by taxpayers again.”
Anonymous Coward (OP)
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08/22/2013 05:41 PM
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Re: Treasury Official Says ‘Too Big To Fail’ Bailouts Of Banks Won’t Happen Again
siren2

as a result of the comprehensive reforms passed by Congress and signed into law by President Obama, no financial institution, regardless of its size, will be bailed out by taxpayers again. Shareholders of failed companies will be wiped out; creditors will absorb losses; culpable management will not be retained and may have their compensation clawed back; and any remaining costs associated with liquidating the company must be recovered from disposition of the company’s assets and, if necessary, from assessments on the financial sector, not taxpayers.
Anonymous Coward
User ID: 46572131
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09/10/2013 12:13 PM
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Re: Treasury Official Says ‘Too Big To Fail’ Bailouts Of Banks Won’t Happen Again
siren2

as a result of the comprehensive reforms passed by Congress and signed into law by President Obama, no financial institution, regardless of its size, will be bailed out by taxpayers again. Shareholders of failed companies will be wiped out; creditors will absorb losses; culpable management will not be retained and may have their compensation clawed back; and any remaining costs associated with liquidating the company must be recovered from disposition of the company’s assets and, if necessary, from assessments on the financial sector, not taxpayers.
 Quoting: Anonymous Coward 2100952


IN OTHER WORDS, FOLKS, WATCH WHAT BACNK YOU HAVE YOUR MONEY IN . IF IT IS IN TROUBLE, THEN YOU WILLBE LEFT WITH 50% OF YOUR MONEY AND A BIG OBAMA KICK IN THE ASS
Anonymous Coward
User ID: 46572131
United States
09/10/2013 12:13 PM
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Re: Treasury Official Says ‘Too Big To Fail’ Bailouts Of Banks Won’t Happen Again
siren2

as a result of the comprehensive reforms passed by Congress and signed into law by President Obama, no financial institution, regardless of its size, will be bailed out by taxpayers again. Shareholders of failed companies will be wiped out; creditors will absorb losses; culpable management will not be retained and may have their compensation clawed back; and any remaining costs associated with liquidating the company must be recovered from disposition of the company’s assets and, if necessary, from assessments on the financial sector, not taxpayers.
 Quoting: Anonymous Coward 2100952


IN OTHER WORDS, FOLKS, WATCH WHAT BACNK YOU HAVE YOUR MONEY IN . IF IT IS IN TROUBLE, THEN YOU WILLBE LEFT WITH 50% OF YOUR MONEY AND A BIG OBAMA KICK IN THE ASS