More than a decade ago, regulators nearly suffocated PayPal. Now it looks like they're trying to squelch another disruptive, innovative payments system.
Analyses only consider borrowers who were offered a loan package they were willing to accept. Applicants denied a loan and applicants who turned down loans are not considered at all.
Banks' ability to provide crucial services in support of economic growth reflect their risk-bearing capacity, which is directly related to market valuations of bank franchises.
Fixating on whether to break up the biggest banks puts policymakers at risk of re-fighting the last war while giving short shrift to the emerging risks that imperil the financial system.
Taking on the size of firms that put our financial system at risk is the only way to eliminate unfair competitive advantages, unleash free markets and allow community banks to thrive.
Publication of the Fed's loss estimates, required by Dodd-Frank, has banks focused on second-guessing the regulator's model, rather than the hard work of improving enterprise risk management.
