Comments on: Should banks or regulators come up with “living wills”?

By: Sadasivan

Sadasivan — Fri, 06 Nov 2009 10:39:05 +0000

No.
There,obviously,is a reluctance to look at the real reasons and the remedy,by those concerned,and this casts doubts on the integrity of the G20 as a whole,whose members,it seems, are using the printing press to save a few big players in Derivatives.Subprime lending and Derivatives Trading are the reasons for the present Financial Crisis.While the first one, is a fait accompli,there is still time to BAN the second one,the ONLY solution.

By: robert foss

robert foss — Thu, 05 Nov 2009 14:37:51 +0000

I thought that is why we paid Executives in this country, to manage their business and plan for contigencies. would not the production of a Living Will as it were be considered a contigency plan? In most every deal I have consumated in my business life I have also included in that deal a unwind feature. So that being said, of course the Executives should be establishing the contingency Living Will, for their respective banks and then through industry organisations sharing that info to ensure that one plan would not be disruptive to another. If you continue to involve the regulatory agencies, who along with congress aided in achieving the current mess, I believe all inovation will leave the financial world.

By: Casper

Casper — Thu, 05 Nov 2009 12:24:02 +0000

A living will requires a power of attorney, an unbearable illness and life support protocols.