Wednesday, January 19, 2011

Continental Illinois to big to fail

Continental Illinois and “Too Big to Fail”. History of the Eighties—Lessons for the Future. 237.
From conclusion:"By the
early 1990s, many of the issues surrounding TBTF had been addressed under FDICIA, but
the problem of systemic risk remains, as does the question of how regulators would respond
today to a dilemma similar to the one they confronted in May 1984."
http://www.fdic.gov/bank/historical/history/235_258.pdf