Subdivisions
President Obama said that taxpayer-funded bailouts will no longer be used to bailout too-big-to-fail institutions. But Sheila Bair, head of the FDIC, just said on Mourning (NOT) Schmo that "bridge liquidity would be provided" to keep an entity afloat while it is broken up and sold off.
If that's your concern, then that's not the question you should be asking, primitive. The question should be why Congress and the prez passed a new law to do something they already had the right to do, that is, inform a corp that's failed that they would be broken up and sold off.
And a question for you, primitive. There were a bunch of financial advisors and others in the industry who believed that breaking up and selling off was going to happen to Citi, and it wasn't. In fact, if there was ever any corp that, based upon their financial status during this latest crisis, needed to be broken up and sold, it was Citi. If Dear Leader and the Dems weren't willing to pull the trigger then, what makes you think they'll do it should the same circumstances happen again?
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