Bank of America death-watch

Bank of America death-watch

Banking expert Chris Whalen, in a Reuters opinion piece today, argues that Bank of America needs to be put into Dodd Frank resolution because it threatens other banks and the economy. But no one has ever used the new Dodd Frank approach, and both the Bank of International Settlements and the well respected Institute for International Finance have said Dodd Frank won’t work on overseas operations.

via Bank of America death-watch – Glenn Greenwald – Salon.com.

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