If a bank holding company is going down and that is threatening a healthy bank that they own, the solution is to take the healthy bank holding company into receivership to shelter it from the collapse. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
With the bank holding company disentangled from the payments system, it can simply go through bankruptcy like any other firm. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
