2009 0506 – GOV (Senate) – Regulation and Resolving Institutions Considered “Too Big to Fail” – Chris Dodd (D-CT)

2009 0506 - GOV (Senate) - Regulation and Resolving Institutions Considered "Too Big to Fail", Christopher Dodd (D-CT) --- [BonkNote]
- [PDF-121p, VIDEO-Senate]
- banking.senate.gov/hearings/regulating-and-resolving-institutions-considered-too-big-to-fail
- WITNESS PANEL 2
- Martin N. Baily, Senior Fellow, Economic Studies, The Brookings Institution - 050609_BAILY-LITAN TESTIMONY
- Raghuram G. Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, University of Chicago Booth School of Business - 050609_RAJAN TESTIMONY
- Peter Wallison. Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute - 050609_WALLISON TESTIMONY
- Senate - Banking, Housing, and Urban Affairs

(p22) - Senator Richard SHELBY (R-AL). A threshold question comes to me: What constitutes ‘‘too big to fail’’? What constitutes that?
- Senator SHELBY. How do you define that?
- Sheila BAIR - FDIC. It is difficult to define.
- I think it is market perception as much as a precise definition.
(p93) - Brookings Institute - Prepared Statement of Martin Neil Baily Senior Fellow, Economic Studies Program, The Brookings Institution, And Former Chairman Of The Council Of Economic Advisers Under President Clinton, And Robert E. Litan¹ May 6, 2009
- Large troubled life insurers can also generate systemic risks if policyholders run to cash out their life insurance policies, or if the millions of retirees who rely on annuities suddenly learn that their contracts may not be honored sharply curtail their spending as a result.