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The new plan to bail out ‘too big to fail’ banks

Regulators want to keep taxpayers off the hook. Their latest idea: make the banks bail themselves out

The new plan to bail out ‘too big to fail’ banks
Photo: iStockPhoto

Regulators want to prevent taxpayers from having to ever again bail out big banks. Their latest idea: make the banks bail themselves out.

Previously, banks had struggled to persuade regulators they had a plan - called a "living will" - that would allow them to be dismantled and shut down if they got into trouble without taxpayers taking a hit.

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