Making Failure Feasible
Making Failure Feasible

Making Failure Feasible

How Bankruptcy Reform Can End Too Big to Fail

Edited by Thomas H. Jackson, Edited by Kenneth E. Scott, Edited by John Taylor


312 Pages, 5.5 x 8.5

Formats: Hardcover, ebook: PDF, Mobipocket, ebook: EPUB

Hardcover, $14.95 (US $14.95) (CA $17.99)

Publication Date: October 2015

ISBN 9780817918842


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In 2012, building off work first published in 2010, the Resolution Project proposed that a new Chapter 14 be added to the Bankruptcy Code, exclusively designed to deal with the reorganization or liquidation of the nation's large financial institutions. In this book, the contributors expand on their proposal to improve the prospect that our largest financial institutions—particularly with prebankruptcy planning—could be successfully reorganized or liquidated pursuant to the rule of law and, in doing so, both make resolution planning pursuant to Title I of Dodd-Frank more fruitful and make reliance on administrative proceedings pursuant to Title II of Dodd-Frank largely unnecessary.

Author Biography

Thomas H. Jackson is a distinguished university professor and president emeritus from the University of Rochester. Kenneth E. Scott, a Hoover Institution senior research fellow and the Ralph M. Parsons Professor Emeritus of Law and Business at Stanford Law School, chairs the Resolution Project at the Hoover Working Group on Economic Policy. John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution.