BankThink

The Cure for the Banking Industry, Part III: Stop Subsidizing Housing

09/26/12

Market participants will quickly fill the home finance gap. Financing homes is an excellent business. The S&Ls were successful in this market for 50 years before they were destroyed by government policy.

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It's Not Ben Bernanke's Fault the Economy Is Stagnant

09/25/12

The Federal Reserve chairman has the correct diagnosis, but limited tools to solve the problem. Meanwhile, inflation hawks are trying to cure the nation from a disease it doesn't have.

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Fincen's New Leader Should Strike a Delicate Balance

09/25/12

Fincen must be independent enough to be an honest broker in its rulemaking and enforcement network roles, while remaining responsive to the policy objectives of Treasury and statutory mandates from Congress.

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IMF's Lagarde to U.S.: 'You Need to Deal with the Fiscal Cliff,' The Great Libor Debate Continues

09/25/12

Receiving Wide Coverage ...

Global Threat on the Horizon: The central banks' efforts are all well and good, but the U.S. and European governments will need to do more to prevent global growth from screeching to a halt, says International Monetary Fund managing director Christine Lagarde. In an address at the Peterson Institute for International Economics, Lagarde warned the IMF may cut its estimates of global growth again this year during its meetings in Japan next...

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The Cure for the Banking Industry, Part II: More Private Capital, Less Public Risk

09/25/12

The banking system should not be used to hide the cost of Congress's social programs.

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Work with Your State Attorney General to Avoid Enforcement Actions

09/24/12

Adequate communication, data retention, requests for approval and, ultimately, cooperation can minimize a company's risk of being investigated by the CFPB or state attorney general's office.

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Why Your Bank's Customers Don't Listen

09/24/12

Big mortgage servicers wonder why borrowers won't respond to attractive refi offers. How can they be surprised? We've overloaded consumers with such an excess of incoming communications through antiquated channels that they ignore almost all of this

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Megabanks Extend and Pretend They Won't Pay for Foreclosure Fouls

09/24/12

It's in consultants' best interests to extend the foreclosure review engagements as long as possible without coming up with an estimate for each servicer of its total liability to borrowers.

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Fed Banking Official Meets Often with Banks, Regulators; U.K. to Launch State-Backed Business Bank

09/24/12

Receiving Wide Coverage ... The Fed Dissected: It's been well over a week since the Federal Reserve announced another round of (this time unlimited) quantitative easing, but the U.S. central bank is still making headlines. The Journal has two stories this morning dissecting Federal Reserve Governor Daniel Tarullo's schedule. Their major takeaways include that Tarullo, considered the Fed's top banking regulator, spends a lot of time talking "with Obama administration figures, U.S. regulators and foreign officials"...

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The Cure for the Banking Industry, Part I: End the Fed, or At Least Rein It In

09/24/12

As long as the federal government can print money at will, the politicians (both Democrats and Republicans) will accumulate debt until the United States experiences a financial collapse.

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