• "Orderly Liquidation Process” Created For “Too-Big-To-Fail” Companies
  • September 15, 2010 | Author: Teresa K. D. Currier
  • Law Firm: Saul Ewing LLP - Wilmington Office
  • Dodd-Frank creates an “orderly liquidation authority,” which vests the FDIC with the prerogative to exercise control over a financial entity whose precarious financial health is believed to endanger the national financial system as a whole. Once a receivership under the orderly liquidation authority is commenced, traditional bankruptcy proceedings are no longer an option.