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That could make it nearly impossible to determine how seizing a firm would affect the broader system.
At the top of the list for who or what will be paid off first are any debts the FDIC or receiver took on as part of the cost of seizing a firm, administrative expenses, money owed the Treasury and money owed to employees for such things as retirement benefits.
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If the court seizes a firm, it appoints an administrator to run it and it is these administrators who receive Mafia reminders about who is really Boss.In the past decade, the court in Palermo has sequestered about €6 billion ($6.6 billion) of assets, particularly in the property and construction sectors.
Which agency should be responsible for seizing a failing firm?
They could seize a dying firm, wipe out its shareholders, fire its top executives and keep it operating until its surviving parts could be sold off in an orderly fashion.
There should be hard rules determining when regulators have to seize a troubled financial firm.
Finally, if that cushion proves insufficient, the government would be allowed to seize a collapsing financial firm, much as it can already do with a traditional bank.
DealBook Banks Grumble At Clawbacks After a Liquidation | Should the government ever have to seize a large financial firm on the cusp of failure, the Dodd-Frank financial oversight law allows regulators to claim up to two years of pay from the executives thought to be responsible.
If ISIS were to develop firm control of the city they would have replicated their success in seizing an administrative and economic capital in Syria's Raqqa province.
Seizing an Opportunity.
In France, too, minority shareholders were enraged when LVMH, a luxury-goods firm, secretly seized a 17% stake in Hermès, a rival, using derivatives.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com