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Lacker Testifies on Bankruptcy and Financial Institution Insolvency

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  • Jeffrey M. Lacker

Abstract

Good morning. I am honored to speak to the Subcommittee about the bankruptcy code and financial institution insolvency. In my remarks, I will discuss why I believe it’s so important to improve our bankruptcy code to make it feasible to resolve failing financial firms in bankruptcy. At the outset, I should say that my comments today are my own views and do not necessarily reflect those of the Board of Governors of the Federal Reserve or my colleagues at other Federal Reserve Banks. My views have been informed by both my experience leading the Fifth Federal Reserve District over the last seven years and as a research economist studying banking policy for the prior 25 years.

Suggested Citation

  • Jeffrey M. Lacker, 2013. "Lacker Testifies on Bankruptcy and Financial Institution Insolvency," Speech 101583, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:r00034:101583
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    File URL: https://www.richmondfed.org/press_room/speeches/jeffrey_m_lacker/2013/lacker_testimony_20131203
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