Link: http://www.thetruthseeker.co.uk/article.asp?ID=12074

Some of the world's most prominent bankers have come out in favour of a global bank wind-down fund, a concession from the industry after weeks of fighting proposals for new taxes in the US and Europe. Josef Ackermann, chief executive of Deutsche Bank, told the FT yesterday: "To help solve the too-big-to-fail problem I'm advocating a European rescue and resolution fund for banks. Of course, the capital for this fund would have to come from banks to a large degree."