Alas, as Powell has been pointing out as part of his reasoning why the Fed can tighten monetary policies just fine: Consumers are in historically great shape in terms of delinquencies, foreclosures, collections, and bankrupt...
Are there bankruptcies? Is there a criminal history? Things like that that could be disqualifiers. So, at the outset, the proposed conservator has to be approved and be of a sufficient quality such that the judge could trust that person to act as a fiduciary. On an ongoing basis, a ...