Este tio me sorprende dice que los accionistas deberían perder su valor.
¿O es un hipocrita o nos quiere pagar?
A los de Bearn Stearns les dio una migajas
Jamie's opinion is that shareholders of a failed bank should lose their value. He must have told that to Weil & al.
From today's speech:
"But let me be clear: No institution, including our own, should be “too big to fail.” The solution
is not to cap the size of financial firms. We need a regulatory system that provides for even the
biggest bank to be allowed to fail, but in a way that does not put taxpayers or the broader
economy at risk. Creating the necessary structures to allow for the orderly failure of a large
financial institution starts with giving regulators the authority to facilitate and manage failures
when they occur. Under such a system, a failed bank’s shareholders should lose their value;
unsecured creditors should be at risk and if necessary, wiped out. A regulator should be able to
terminate management and boards and liquidate assets. Those who benefited from mismanaging
risks or taking on inappropriate risk should feel the pain. I think there is much that can be
learned from the process by which the FDIC closes banks today."
All opening speeches are here:
http://fcic.gov/hearings/
