Banks prepare for demise
What would actually instill confidence would be for banks to operate with sound business and banking principals instead of expecting bail-outs and hand-outs and using hedonistic accounting practices to hide what’s really on their balance sheets. Instead, Dodd-Frank demands the banks instill CON-fidence with the public that all will go smoothly if any of the big banks die (i.e. collapse) and their living wills have to be executed.
I’m sure a lot of people have been conned by the Dodd-Frank legislation that government has actually done something to make things better. I am confident Dodd-Frank achieved nothing but a con-job.
Leslie Bronken, Deming