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Why FDIC is Running Out of Time for Resolution Planning

"Quoting Thomas Edison, Marty Gruenberg recently said, "Vision without execution is hallucination."

"It's a clever quote and the chairman of the Federal Deposit Insurance Corp. was trying to convince an audience that his agency is well on its way to ending too big to fail via its strategy to resolve giant firms that get into trouble.

"But for folks following this policymaking closely, the quote backfired.

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