Bankruptcy Not Bailout

Download or read book Bankruptcy Not Bailout written by Kenneth E. Scott and published by Hoover Press. This book was released on 2013-09-01 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces and analyzes a new and more predictable bankruptcy process designed specifically for large financial institutions—Chapter 14—to achieve greater financial stability and reduce the likelihood of bailouts. The contributors identify and compare the major differences in the Dodd-Frank Title II and the proposed new procedures and outline the reasons why Chapter 14 would be more effective in preventing both financial crises and bailouts.