News Topic: regulation-reform

Goldman Sachs is raising money for a new fund that will buy home-loan bonds and, it hopes, benefit from an improving real-estate market. This is insane. ... Read full article

Watching Louis Davidson's eviction it became clear to me that nobody in the beltway mansion that Fannie calls home had any sort of compassion for what a homeowner halfway across the country was going through. ... Read full article

A lack of jail sentences for financial executives doesn't have to mean justice wasn't done. ... Read full article

For more than a decade, banks have encouraged all retailers to have their customers sign for their debit card purchases instead of entering a PIN. The signature system is far more prone to fraud. ... Read full article

The federal government could prohibit contracts to corporations that use a CPA firm that fails to follow generally accepted accounting principles or lacks independence from management. ... Read full article

There is no convincing evidence that eliminating the mortgage interest deduction now would free up capital for more productive investment. Nor would it necessarily achieve the goal of "fairness." ... Read full article

I can actually understand and believe a money fund balance sheet. Just show me one bank anywhere whose balance sheet I could likewise rely upon. ... Read full article

The notion that forcing money market funds to abandon their stable $1-per-share value and "float" will make the financial system safer is a fiction. ... Read full article

Money market mutual fund shares price at a dollar on a daily basis because the underlying assets are required to meet very stringent credit quality, liquidity and maturity requirements. ... Read full article

Government intervention in the interchange system might boost profits for giant retailers, but it harms the interests of American small businesses and many minority entrepreneurs. ... Read full article

The judgment of politicians can be clouded by fixes that sound good, but miss the target. The governments' desire to punish financial services companies is impeding the economic recovery. ... Read full article

The blunt truth is that the decision-making ranks of the agencies responsible for regulating our financial system are disproportionately, sometimes shockingly, white. ... Read full article

Decades ago, regulators drew a sharp distinction between "core" deposits and "brokered" deposits. With Internet deposits effectively replacing brokered, why have they not drawn scrutiny? ... Read full article

We don't understand all the angst. The public/private hybrid of Fannie and Freddie should be abolished, their existing business sold or liquidated, and the mortgage market privatized. ... Read full article

Executives at the "three F's" are now hunkered down in the trenches, hands clamped over ears, waiting for the shelling to stop and the criticism to abate. ... Read full article

There are many trade associations for banks, but none explicitly for the top five. With the continued calls for the dismemberment of the biggest banks, new representation is needed more than ever before. ... Read full article

Consider the 2007 fiasco when JetBlue Airways left passengers stranded on the runway for 11 hours during an ice storm at JFK. Less than a week later, JetBlue created its own customer bill of rights. ... Read full article

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. ... Read full article