Bailout Rule Shifts Burden ; Bank Shareholders Will Absorb Losses.
Columbia Daily Tribune › January 20, 2011
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WASHINGTON (AP) -- Creditors and shareholders will now have to absorb some of the losses when the federal government steps in to dismantle large failing financial firms.
The Federal Deposit Insurance Corp. yesterday approved the new rule that was required under the financial regulatory law enacted last summer.See the full content of this document
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Bailout Rule Shifts Burden ; Bank Shareholders Will Absorb Losses.
"Shareholders and unsecured creditors should understand that they, not taxpayers, are at risk," FDIC Chairwoman Sheila Bair...
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