A majority of respondents to an American Bankruptcy Institute poll said creditors of failed investment bank Lehman Brother Holdings Inc. wouldn’t have fared better in a post-Dodd-Frank world.
The strenuously negotiated financial reform law put into place last year gave the government the authority to orderly liquidate financial firms–a power that theoretically would have prevented Lehman’s crash into bankruptcy that many blame for intensifying the recent financial crisis.
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