Fed’s Lacker Calls for U.S. to Let Failed Financial Firms Unwind October 14, 2014 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article Article 2 Comments October 14, 2014 at 2:27 pm Agent says: Like or Dislike: 0 0This wasn’t the popular belief in 2008 with AIG and others failing. I am not sure it shouldn’t have been done. Chapter 11 does not necessarily mean the death knell. It just allows for re-organization and orderly transition to pay creditors. Reply October 15, 2014 at 6:17 pm Baxtor says: Like or Dislike: 0 0Thumbs up to Lacker. Reply Add a Comment Cancel reply Your email address will not be published. Required fields are marked * Name * Email * Comment ΔNotify me of comments via e-mail
This wasn’t the popular belief in 2008 with AIG and others failing. I am not sure it shouldn’t have been done. Chapter 11 does not necessarily mean the death knell. It just allows for re-organization and orderly transition to pay creditors.
Thumbs up to Lacker.