All Commentary
Tuesday, March 9, 2010

Plan Floated to Shift Bank Regulatory Power


“Several high-ranking members of the Senate Banking Committee have reached a tentative consensus on a plan that would strip the Federal Reserve of regulatory powers over all but the very largest banks, those with more than $100 billion in assets, people briefed on the negotiations said on Monday night…. The vast majority of the bank holding companies would be overseen by a regulatory agency formed from a merger of the Office of the Comptroller of the Currency, which oversees national banks, and the Office of Thrift Supervision, which regulates savings and loans, the individuals said.” (New York Times, Tuesday)

Six of one, half dozen of the other.

FEE Timely Classic
“Banking Without Regulation” by Lawrence H. White