American Banker challenged the enforcement record of the FHA under the leadership of former commissioner David Stevens. During this period the program took important steps to reduce its risk.
Why so much focus on resolution rather than encouraging, or requiring, the systemically important financial institutions to develop proper plans for crisis recovery?
The most important ingredient in any major government-initiated, tenant-to-homeownership program is the commitment of the tenant/homeowner, not the paternalism of the government.
Recent bank data breaches have been so severe as to merit mentioning in the first annual report from the Financial Stability Oversight Council as a potential systemic threat.
Consolidation has failed to reduce employment and increase efficiency. Even after many mergers and acquisitions, industry expenses are high and profit is anemic.
