BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Bank Regulation Datapoint Of The Day

Market Movers

by Felix Salmon
Main
Extra Credit, Wednesday Edition   Citicorp to Keep Banamex

Recent Blog Posts

Links

Jan 22 2009 9:26am EDT

Bank Regulation Datapoint of the Day

From Binyamin Appelbaum:

Since 2000, about 240 banks have converted from federal to state charters...
About 12 percent of the banks that moved to state charters escaped federal regulatory actions, and experts on bank oversight say such cases are the tip of a broader pattern. They note that some banks convert in anticipation of a public enforcement action, or after persuading federal regulators to terminate an action.

If the Feds are barely qualified to regulate this nation's banks, the chances of every state being able to do so are exactly zero. The first order of regulatory reform should be to abolish state regulation of lenders and insurers: it's a recipe for lax oversight and enormous loopholes.

(Via Chittum)

. □

blog comments powered by Disqus
Real Business, Real Results
Out of the 'Family'

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Cruz Missile Lands

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Scandal Chic

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More