My column published last Monday May 3 in the Wall Street Journal “How to Avoid a ‘Bailout Bill’” generated a lot of questions about the idea of a "Chapter 11F," which I argued is a needed alternative to bailouts. Chapter 11F is a proposed modification or addition to Chapter 11 of the bankruptcy code. It would allow large non-bank financial firms to go through bankruptcy in an orderly and predictable way and thereby minimize disruptions to the financial markets and the economy. Currently there are several different versions of a Chapter 11F, but they all have the common theme of relying more on the bankruptcy law rather than on a new discretionary liquidation or resolution authority or on bailouts. By relying more on the rule of law, the reorganization or liquidation process would be more predictable.
-
About Hoover
About Hoover
Located on the campus of Stanford University and in Washington, DC, the Hoover Institution is the nation’s preeminent research center dedicated to generating policy ideas that promote economic prosperity, national security, and democratic governance.
Learn More -
Fellows
Fellows
Hoover scholars form the Institution’s core and create breakthrough ideas aligned with our mission and ideals. What sets Hoover apart from all other policy organizations is its status as a center of scholarly excellence, its locus as a forum of scholarly discussion of public policy, and its ability to bring the conclusions of this scholarship to a public audience.
View All Fellows -
Research
Research
Throughout our over one-hundred-year history, our work has directly led to policies that have produced greater freedom, democracy, and opportunity in the United States and the world.
Learn More -
Commentary
Commentary
Hoover scholars offer analysis of current policy challenges and provide solutions on how America can advance freedom, peace, and prosperity.
Learn More - Library & Archives
-
Support Hoover
Support Hoover
Learn more about joining the community of supporters and scholars working together to advance Hoover’s mission and values.
Learn More - Events
- Student Opportunities
-
-
What is MyHoover?
MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests.
Watch this video for an overview of MyHoover.
Create AccountForgot Password
Login?
-
-
What is MyHoover?
MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests.
Watch this video for an overview of MyHoover.
Create AccountHave questions? Contact us
Forgot Password
Login?
-
Support Hoover
Support Hoover
Learn more about joining the community of supporters and scholars working together to advance Hoover’s mission and values.
Learn More