Sheila Bair Wants To Shut Down Hedge Funds, Too

The Business Insider – FDIC Chairman Sheila Bair wants to end the too big to fail concept and extend the proposal to create the authority to shut down failing systemically important financial firms to insurers and hedge funds.

No one seems to agree on which institutions should be included, and the debate seems to be unable to move forward. Bair’s position seems to be the most aggressive.

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