We ended part i, with some questions. The answers to these questions could fill volumes. Yet, a high-level response is in order. First, can Dodd-Frank prevent another similar crisis? This is far from certain. The law depends too much on regulators to actually use the powers they have been granted. Past behavior suggests that they…
People are talking. And, they are not being kind. Word is, a year has passed, and Dodd-Frank is not living up to his potential. This observation is painful, but true. Yet, we should not blame the birthday boy. Here’s why. We expect him to be a doctor already, curing the bloated banking disease and immunizing…
Sheila Bair’s five-year term as Chairman of the Federal Deposit Insurance Corporation (FDIC) ends today, Friday, July 8th. During her tenure, Bair racked up an impressive list of achievements. Notably, even with the recent wave of bank failures, Bair managed to use only the industry-supplied deposit insurance fund (DIF), and not taxpayer dollars to shut…
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