The Case against the Dodd Bill

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This is an opinion item.

Author(s) National Review editorial board
Source National Review
Date April 26, 2010
Quotes-start.png "The sophisticated creditors of non-banks, however, neither need nor deserve a bailout. The Dodd bill would not require the FDIC to impose losses on these creditors; it only expresses a “strong presumption” that such losses would be imposed. As structured, this authority would allow the government to bail out non-bank creditors, and worse, to play favorites among them, just as we saw when the Obama administration gift-wrapped large stakes in the automakers for its union allies at the expense of secured creditors." Quotes-end.png

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This item argues against the position Act should be passed on the topic Restoring American Financial Stability Act.