Sweden vs Japan: Round 809

[lsanderson]

How to Clean a Dirty Bank
By ANDREW ROSENFIELD
Published: April 5, 2009
Chicago
Times Topics: Credit Crisis — The Essentials

COMMERCIAL banks in the United States are not subject to the bankruptcy statute — when they become insolvent they are simply acquired by the government. This is what banks sign on for in return for a charter, deposit insurance and direct access to the Federal Reserve lending window, which generally allow banks to prosper as long as they control risk. More