Here is a blast from the past, sent to me by Ralph Elosser, formerly of the FDIC when it won a coveted award for cash management from the U.S. Treasury. You might recognize the guy on the far right who was a very young Chairman of the FDIC.
A blast from the past! Read More »
My good friend Tom Vartanian’s latest article in The Hill reminds us of the damage a cyber event could cause to the banking industry, especially after last week’s Bank of America glitch that showed twenty thousand customers’ account balance as $0.
“The internet’s worst ‘zero day’ could drain all of our bank accounts” by Tom Vartanian Read More »
I joined Oliver Renick on Schwab Network to discuss the Fed’s decision to cut rates by 50BPS.
“50BPS Rate Cut, Powell and Inflation” on Schwab Network Read More »
My good friend, Alex Pollock, Senior Fellow at the Mises Institute, has published a very important article in the American Banker on what he considers the illegal funding of the Consumer Financial Protection Bureau by the Federal Reserve System.
“The CFPB is funded by the Fed’s profits. Trouble is, there are none” by Alex Pollock Read More »
The Federal Reserve continues to struggle with adoption of Basel III. I firmly believe it is a futile and useless exercise, which should be abandoned, as I state in my most recent article in the American Banker, summarized here. I declined to adopt Basel I when I was Chairman of the FDIC and believe it
It’s time for the US to withdraw from the Basel capital accords Read More »
Alex Pollock’s important article in the New York Sun on the Federal Reserve’s staggering losses.
In our latest article in The Hill, my good friend Thomas Vartanian and I outline five key challenges standing in the way of financial stability in the US banking system.
5 ways to improve the stability of the financial system Read More »
My latest article in American Banker explains how it was uninsured deposits, not brokered deposits, that led to 2023’s bank failures.
Uninsured deposits, not brokered deposits, led to 2023 bank failures Read More »
I couldn’t agree more with Jamie Dinon’s Washington Post opinion, titled “The next president must restore our faith in America,” calling for much needed leadership in the US that will unite us in these very difficult, divisive, and perilous times.
“The next president must restore our faith in America” by Jamie Dinon Read More »
Alex Pollock published an important column in the NY Sun: “The central bank is in circumstances that the authors of Dodd-Frank failed to anticipate — it’s been operating at a loss.”
