Page 3 - Fire Doesnt Spread News Today : Breaking News, Live Updates & Top Stories | Vimarsana

What in this bill would have made lehman brothers not blow up? >> excellent question. with these reforms that provide a way of bankruptcy for dismembering banks safely without the taxpayer being exposed, without the risk of collateral damage. it would allow to us come in earlier and in effect put lehman into receivership, break it up and dismember it over time without it causing the panic it provided. so a bankruptcy provision designed for large banks combined with the necessary capacity to spray a little foam on the runway. an example is, you know, your neighbor's house is on fire. you want t...

Not blow up? >> excellent question. with this -- these reforms that provide a way of bankruptcy-like mechanism for dismembering banks safely without the taxpayer being exposed, it would have allowed to us come in earlier and in, effect, put lehman into receivership, break it up and dismember it over time without it causing the panic that it provided. so the -- a bankruptcy provision designed for large banks combined with the necessary capacity to spray a little foam on the runway, an example is your neighbor's house is on fire, you want the fire station to come and make sure the fire doesn't s...