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The Treatment of TBTF Financial Institutions in the Last Crisis

In: Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform

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  • George M von Furstenberg

Abstract

When Systemically Important Financial Institutions [SIFIs], then called Too Big to Fail [TBTF], get into trouble as they periodically do, there are a number of ways to deal with them. Several of these approaches to problem resolution have been applied during the financial crisis of 2007–2009 with varying degrees of success to SIFIs and lesser institutions in the United States. Among the past resolutions scrutinized for clues to improved practices are those of the Investment Banks Bear Stearns, Lehman Brothers, and Merrill Lynch, and Savings Bank and S&L Association Holding Companies principally engaged in mortgage banking, Countrywide, Wachovia, and Washington Mutual.

Suggested Citation

  • George M von Furstenberg, 2014. "The Treatment of TBTF Financial Institutions in the Last Crisis," World Scientific Book Chapters, in: Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, chapter 4, pages 49-58, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814619905_0004
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