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Large firms with assets of more than $50 billion, and hedge funds with at least $10 billion in assets, would pay into a $150 billion resolution fund that would cover the costs of dismantling such a company.Wow.I understand the ginormous firms to pay, but the hedge funds? I honestly see no rationale to this. Furthermore, what'll keep all the hedge funds from then simply relocating to offshore locations?
Large firms with assets of more than $50 billion, and hedge funds with at least $10 billion in assets, would pay into a $150 billion resolution fund that would cover the costs of dismantling such a company.
Wow.
I understand the ginormous firms to pay, but the hedge funds? I honestly see no rationale to this. Furthermore, what'll keep all the hedge funds from then simply relocating to offshore locations?
