Elizabeth Warren elected, a crushing defeat for big banks?

mheslep

[my bold]. Sure, I suppose that is the common understanding, and federal regulators regularly seize financial firms in the US in the traditional sense as you describe.

The definition of 'ownership' is the problem, at least in the banking business, before anyone admits to seizing anthing. My understanding of ownership entails the ability to control a thing and especially the ability to sell it. So then, if a third party, tentatively not the owner, can
i) remove a company's officers at will without criminal charges and forward new officers of its choosing,
ii) determine the pay of the officers,
iii) in a sale of the company, demand approval of the buyer and the conditions of the sale

going on and on in a like manner about the particulars of the company's methods of doing business. At the same we see the officers of such companies moving back and forth between seniors positions of the 'third party' and the company. In these conditions the ownership of the company is less than clear to me.

Perhaps something like the above measures are necessary to prevent abuses by bankers, at least while the government is responsible for backing money, but having said that does not change the blurring of ownership in my mind.

Locrian

Describe how current RBC rules fail to accomplish this at this time. Details, please.