(CNSNews.com) – Banking regulators at the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) warned five of the nation's eight largest banks last week that their "living wills" are "not credible."
A "living will" – a bank's plan to wind down its affairs in an orderly fashion in case it fails – is required by law under Section 165(d) of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.
(CNSNews.com) — Sen. Richard Blumenthal (D-Conn.) said Tuesday that the U.S. Supreme Court should warn the nation of the "great dangers" of leaving the seat vacated by the recent death of Justice Antonin Scalia open until after the 2016 presidential election.
"Maybe it's time for the United States Supreme Court to tell the Congress and the American people about the great dangers and damage that would be done by a continuing vacancy over, in effect, two terms, or two years of the court," Blumenthal told CNSNews.com.
