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US Senate Solves “Too Big to Fail” Dilemma – Dismantlement

By John S. Tobey

Everyone hates the US Government’s two-option approach for dealing with supersized companies in trouble. Both choices (bailout and bankruptcy) have large, undesirable consequences, making for a dilemma. On Wednesday the US Senate approved a solution: A third option that allows conversion of one “too big” institution into many manageable companies. This is great news. »

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