Viewed through the framework provided by economist Nassim Taleb, a centrally-directed financial system with uniform risk management and prescribed products is fragile.
If regulators have the will and the authority to resolve "too big to fail," now is the time to act. The prospect of several more years without resolution is terrifying.
FHFA's decision to sell foreclosures in bulk is hindering the rising Hispanic consumer segment, along with other first-time buyers, from driving a healthy housing rebound.
The former Securities and Exchange Commission chair's move to Promontory Financial is likely to add to public cynicism about a revolving door and regulatory capture.
New Community Reinvestment Act guidelines will reduce paperwork burdens, open up new areas for assistance and make clear that banks falling short will hurt their overall lending test performance.
