Detail Fright Simulator; Too Big to Fail   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8759 (Nov. 2011), page 81. Topik: Bailouts; Simulation; Banks; Economic Policy Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The Economist simulated the failure of a global bank at its Buttonwood Gathering on October 27th in New York (a video can be seen at economist.com/simulation). Larry Summers, a former treasury secretary and once Barack Obama's top economic adviser, was joined by five other ex-officials and a prominent bank lawyer to play the parts of officials at the Treasury, the White House and regulatory agencies on a Friday afternoon in April 2013. The group was confronted with a teetering, $1 trillion bank-holding company called New Jefferson. Without their intervention, it would not open on Monday, an event guaranteed to send markets into free fall. Although the "officials" found none of the options appealing, they ultimately chose recapitalisation while keeping the door open to a sale. All were very aware that the straitjacket of Dodd-Frank might make contagion unavoidable. That does not necessarily make it a bad law. Mr Summers compared it to a prohibition on paying ransom, which makes kidnappings harder to resolve but also, hopefully, less probable. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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