New Evidence On The Fed’s Illegal Seizure Of AIG: Next Time Dodd-Frank Will Be Worse

Dodd-Frank radically changed bankruptcy law to enable the FDIC to seize financial companies which are thought to be in danger of default. Prior law for decades required, of course, actual default or a voluntary filing by management. The seizure process in Dodd-Frank takes two - count them - two days, and is essentially unreviewable and unappealable.
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