Archive for the ‘House Committee On Financial Services’ tag
Paulson Says Firms Should Be Allowed to Fail
Testifying before the House Committee on Financial Services, Treasury
Secretary Henry Paulson said financial firms must be allowed to
fail.
“It is clear that some institutions, if they fail, can have a systemic
impact. Looking beyond immediate market challenges, last week I laid out
my proposals for creating a resolution process that ensures the financial
system can…