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Re: BigBang post# 725044

Tuesday, 03/26/2024 5:22:29 PM

Tuesday, March 26, 2024 5:22:29 PM

Post# of 728593
BB, you are correct but Sheila Bair tried to convince Congress to let her go back in time and change the rules so she could legally seize all assets but was totally denied.

Trying to do something retroactive would destroy the legal process as it would not mean anything, however the law was changed in year 2012 to allow FDIC to seize the entire holding companies of To-Big-To-Fail banks.




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