Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
rhizome
on Dec 15, 2016
|
parent
|
context
|
favorite
| on:
Wells Fargo’s ‘Living Will’ Plan Is Rejected Again...
So not only too big to fail, but too big to ever go out of business. That's quite a nice setup, almost like a guaranteed basic income.
azernik
on Dec 28, 2016
[–]
That's the point of Dodd-Frank; if the bank gets into this situation, it is no longer allowed to pay out dividends to shareholders, and is limited in the investments it is allowed to make, with the aim of removing it from this situation.
Consider applying for YC's Summer 2026 batch! Applications are open till May 4
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search: