by Henry Oliner | Sep 8, 2013 | Politics
“My own view is that the problem of too big to fail is really about complexity, not size, and thus “break-up” proposals should focus on simplifying the megabanks so that they can be easily resolved in bankruptcy or the FDIC’s resolution process without resort to...
by Henry Oliner | Aug 11, 2013 | Politics
“We should also recognize that there is a difference between promoting home ownership and promoting home finance. Canada has no mortgage interest deduction, yet it has a comparable rate of home ownership and fewer leveraged home owners. My first preference would be to...
by Henry Oliner | Jul 21, 2013 | Politics
“Not everyone in the industry is bad, and not all members of the industry will be supporting efforts to roll back reform. After two and a half decades in Washington, I have learned that those who are most active in lobbying the government are generally those with the...
by Henry Oliner | May 2, 2013 | Politics
“Dodd-Frank fixed some of that by giving both the SEC and the CFTC authority to regulate the derivatives market. Among other things, the legislation mandated that the SEC and CFTC, working with the banking regulators, set standards for the amount of capital and margin...
by Henry Oliner | Apr 17, 2013 | Business, Economics
When the preliminary results from the stress tests came back in mid-March, they matched what we had expected to see: Citi (even with its $45 billion in government capital) and a few others would be insolvent under the stress test assumptions. Citigroup still...
