(Bloomberg) -- This week, for the third time, the biggest U.S. bankshave sent regulators detailed plans for their own demise. The regulators response to those filings has been far less detailed.
The bankruptcy plans, known as living wills, are designed to reassure the public and the market that banks are not too big to fail and that they could go bankrupt without damaging the rest of the economy. A group of 11 banks including JPMorgan Chase & Co. and Goldman Sachs Group Inc. had to file a new round of plans yesterday even though they have yet to get a response from regulators on documents from last year.
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