Commissioner Joseph A. Smith, Jr., North Carolina banking commissioner, will be nominated by the President to be the new head of the Federal Housing Agency, which oversees Fannie Mae, Freddy Mac and the federal home loan banks. This is one of the key financial regulatory positions, in a area that is about to become a…
This weekend the G20 Summit takes place in Seoul. The Basel III enhanced capital requirements (among other standards) come up for adoption. Even as seasoned present and former regulators, such as Mervyn King and Paul Volcker, suggest that the new standards might not be sufficient, bank CEOs such as Mr. Pandit of Citigroup and Mr.…
This chart and commentary, prepared by David Moss and reproduced here with permission, shows why bank regulation is a major policy and political issue, and why the continuing battle in Congress will be so emotional: Bank Failures, Regulation, and Inequality Bookmark on Delicious Digg this post Recommend on Facebook share via Reddit Share with Stumblers…
On Wednesday, October 3, the day after the midterm elections, I spoke with Nancy Marshall Genzer of Marketplace Radio. Nancy asked me what impact the new Republican majority in the House of Representatives might have on the financial reform process. Given that only two short quotes of mine appear in the final broadcast, I am…
follow: RSS