The bill that Dodd brought before the Senate, after a year of discussions with Democrats and Republicans alike, incorporated the bipartisan plan of Warner and Corker to prevent another bank bailout: setting up a fifty-billion-dollar fund, paid for by the banks, to insure orderly liquidation, and establishing a risk council to detect warning signs of another crisis.

NEWYORKER: The Empty Chamber

The postbankruptcy lenders are first in line during a liquidation, but even so they are taking a significant risk.

FORBES: Deathwatch