"A complete emotional divorce is not possible," explains Minnesota's
Doherty. "You always carry that person around with you; a part of you
retains a 'we' identity." And if there are children, exes live on in the
new household as permanent extensions of their children, arriving to pick
up and deliver the kids, exerting parental needs and desires that have to
be accommodated, especially at holiday and vacation times. What's more,
the ex's parents are in the picture too, as the children's grandparents,
as is all of the ex's extended family, as aunts and uncles and cousins.
FDICIA, the 1991 reform, allowed for the bailout of firms believed to pose a risk to the financial system. This exemption created strong incentives for consolidation in the banking industry in the 1990s and 2000s and may explain the proliferation of megabanks during the period. But the law provided no guidance for determining when systemic risk was present. Hence a few differences of opinion arose among the bailout agencies. For example, the FDICagainst pressure from Treasurydecided to close Washington Mutual and cover insured depositors rather than to bail it out. Interestingly, FDIC Chairman Sheila Blair reported that she was not completely comfortable with the decision to bail out a different bank, Wachovia.