naked capitalism Sun 2009-11-29 12:27 EST
The Kanjorski Amendment Trojan Horse and Prompt Corrective Action
...On page 7 of the Kanjorski Amendment, there is an enormous loophole that virtually eliminates the ability of regulators to take prompt corrective action in seizing and shutting down a bankrupt financial institution...
Kanjorski Amendment Trojan Horse; naked capitalism; Prompt Corrective Action.