Real and Imaginary Resolution Options for Large Financial Institutions
AbstractThe following sections are included:IntroductionDodd-Frank's New Resolution RulesOrigin myths and their implicationsKey problems with Dodd-Frank resolutionPotential benefitsThe Bankruptcy AlternativeThe bankruptcy processBenefits of bankruptcyThe limitations of bankruptcyThe role and status of bankruptcy judgesIs Bail-in the Solution?Implications and Potential ReformsNext steps for Dodd-Frank and bankruptcy reformA more ambitious program: Chapter 14ConclusionReferences