The Mudcat Café TM
Thread #145483   Message #3368929
Posted By: Jack the Sailor
27-Jun-12 - 11:11 PM
Thread Name: BS: Drones Over America
Subject: RE: BS: Drones Over America
>>>What's really spooky is that now the big banks are setting up "living wills" in case they fail. Corporations have been granted personhood, so naturally those businesses will set up living wills, as any person should do.

http://www.reuters.com/article/2012/06/27/us-banks-bailouts-wills-idUSBRE85Q0AZ20120627?feedType=RSS&dlvrit=56943 <<<

You do know that this was a Government requirement because the banks were considered "too big to fail." The "living wills" are in the event of another crisis the banks would have a plan for winding them down instead of bailing them out.