"With the enactment of the Dodd-Frank Act on July 21 of this year, the Federal Deposit Insurance Corporation (FDIC) was given the tools to resolve a failing financial company that poses a significant risk to the financial stability of the United States. We now have the framework in place to resolve any financial institution, no matter how large or complex. Implementation of Dodd-Frank is designed to end "too big to fail," and the new resolution authority is a major reason why it will do so.Click to continue
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