Obama Says AIG Bonuses Show Need for Agency to Oversee Bailouts. This sounds very interesting. It is time that we prepare for the possibility that financial conglomerates will be liquidated and reorganized. Is this a precursor?
He is suggesting something along the lines of the FDIC. This is what is needed now but congress is going to have to create it.
This entity should have the authority to liquidate assets and restructure liabilities.
Sorry for the short diary.