Bies - Insolvent co's should be allowed to fail
She was answering questions from the audience after delivering prepared remarks about community banking to a bankers' conference in Columbus, Ohio.
When Enron went down, "there was nary a ripple in the rest of the economy," Bies said. When large companies are no longer solvent, they should be allowed to fail, she said.
Bies said Enron's demise
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