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The comprehensive financial reform bill recently passed by the Senate creates a new "orderly liquidation authority" ("OLA") that would allow the Federal Deposit Insurance Corporation ("FDIC") to seize control of a financial company whose imminent collapse is determined to threaten the financial system as a whole
Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("WSRCPA") represents Congress' attempt to address companies considered "too big to fail."
