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Quote by Carly Patterson

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Carly Patterson
Carly Patterson

Carly Patterson, born on February 4, 1988, is a talented singer known for her unique musical style and captivating voice. more

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“Perhaps more to the point for TBTF (Too Big To Fail bank), if a SIFI (Systemically Important Financial Institution) does fail I have little doubt that private investors will in fact bear the losses-even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution”