News for hackers. Stuff that matters.

A comment on Wells Fargo’s ‘Living Will’ Plan Is Rejected Again by Regulators. Parent comment

Re:Wells Fargo’s ‘Living Will’ Plan Is Rejected Again by Reg... by rhizome on Thursday December 15, 2016 @12:42PM (#13186431)
So not only too big to fail, but too big to ever go out of business. That's quite a nice setup, almost like a guaranteed basic income.
[ Parent | on HN ]
Re:Wells Fargo’s ‘Living Will’ Plan Is Rejected Again by Reg... by azernik on Wednesday December 28, 2016 @06:51AM (#13269936)
That's the point of Dodd-Frank; if the bank gets into this situation, it is no longer allowed to pay out dividends to shareholders, and is limited in the investments it is allowed to make, with the aim of removing it from this situation.
[ Parent | on HN ]