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    If the firm doesn't have enough assets to repay the government, regulators would assess a fee to other firms with more than $10 billion in assets. "The proposal places taxpayers first in line to bear the losses when the government invokes its resolution authority ... And for those who believe that those taxpayer losses would be recouped from surviving firms, I would direct their attention to the recent examples of GM, Chrysler, Fannie Mae, Freddie Mac and AIG." At least one Democrat, Rep. Luis Gutierrez, said he thought large financial firms should be forced to prepay into an insurance-like fund. Full Article at Deseret News
    The proposal places taxpayers first in line to bear the losses when the government invokes its resolution authority ... And for those who believe that those taxpayer losses would be recouped from surviving firms, I would direct their attention to the recent examples of GM, Chrysler, Fannie Mae, Freddie Mac and AIG.
    View articles, topics, and photos related to this quote Spencer Bachus SOURCE: Deseret News 1 month ago