One of the major concerns of Dodd-Frank is the bankruptcy of too-big-to-fail institutions. The government does not want to have to bail these companies out once again. So Dodd-Frank requires the banks to have credible plans for winding down their operations without taxpayer help if they start to fail. The plans are reviewed by the Fed and the FDIC. Would you believe that the following have yet to produce a credible plan: Bank of America, Bank of New York Mellon, J.P. Morgan Chase, State Street, and Wells Fargo
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