Lehman crisis could have been averted with Dodd-Frank: FDIC
An orderly resolution of Lehman Brothers could have been structured under the Dodd-Frank Act had the law been in place at the time the investment bank collapsed, a report published by the Federal Deposit Insurance Corporation (FDIC) on Monday said.
The report, a collaboration of work by senior staff at the FDIC, examines how the FDIC could have structured a resolution of Lehman Brothers under the orderly liquidation authority of Title II of Dodd-Frank. It estimates that Lehman's unsecured
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