Martin O'Malley

Martin O'Malley's policies onGovernment

Right-size big banks using living wills

Although major banks are required to produce living wills under Dodd-Frank, they have resisted compliance. The FDIC found that the banks’ plan are “not credible,” and the banks continue to drag their feet without fixing them. If banks cannot produce a living will that credibly sets forth a detailed plan on how they would be resolved in bankruptcy without causing a crash of the financial system and without any bail outs, O’Malley will require the Fed to take remedial action to make the bank smaller and less dangerous to our families, workers, financial system, and entire economy.

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