As Occupy the SEC detailed in our recent comment letter, the agencies' proposed implementation of the Volcker Rule strays from Congressional intent in several big ways.
Managers and front line folks readily acknowledge and accept the importance of respecting customers' time. Why would they be any less respectful of their their managers', employees' or their own?
Isn't the most important, pervasive reason why banks and bank stocks are not bought that no one can have confidence what rules banks will have to follow, and hence what they will earn or be worth, one year or five years from now?
Moving to OCC and Fed oversight hasn't been easy for thrifts. Some of the problems have to do with differing priorities among agencies and natural competition among banking regulators.
Extending the law that provides unlimited deposit insurance on non-interest bearing demand deposits would send a signal that just maybe the industry is not fully healthy and still needs support.
What's needed are some approaches from outside the industry or government. I'd rather hear Stephen Hawking's views on housing than Shaun Donovan's or Tim Geithner's
I wish that I could agree with Ms. Rehm's point of view on ending the Transaction Account Guarantee program because, if I could, it would signal the end of the very discriminating too-big-to-fail policies of our government.
In this interconnected world, your customer in Kansas City could be affected if its revenue sources depend on one or more customers with significant European exposure.
I remember ING Direct CEO Arkadi Kuhlmann explaining that he hired dancers and artists and other "creative" people. Will ING Direct be worth what Capitol One paid for it when it is run by bankers?
