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Industry officials noted that the plan created winners as well as losers; surviving institutions would gain business from the closing or shrinking of nearby competitors.
Surviving institutions would then use their government cash to make new loans rather than simply to renew or write off old ones.
Both countries' governments have poured so much money into keeping drowning banks and finance companies afloat that they need to borrow heavily from the surviving institutions.
The commission estimated that its plan would increase revenue at the surviving institutions by $720 million a year, as they take on patients from the places that have closed or changed missions.
This fire sale would force surviving institutions carrying the same types of securities on their books to mark down their positions, generating more margin calls and creating more failures.
Some hospitals are eager to hire because of a shortage of workers in fields like nursing, and, they said, surviving institutions would gain patients from the institutions that close, and so would take on new workers.
Similar(52)
Institutions outlast governments, but learning to pick the right battles is the key to being that surviving institution.
The past and the present of this nation, and perhaps its future, lie here on a thousand acres of lush countryside, at the campus of the Booker T. Washington Institute, Liberia's sole surviving institution of higher learning.
Children who survive institutions face the prospect of lifetime segregation from society in facilities for adults.
Now some of these surviving financial institutions, backed taxpayer money, have returned to business as usual.
"They can only survive because institutions of governance are weak.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com