Down to Earth: What do we Kill in our Quest to Guarantee Health?

When did modernization become synonymous with regulation? We all know how the federal government’s attempts to modernize financial services have led to increased regulatory burden for banks. Now the government intends to “modernize” farming and I fear the results of this latest assault on free enterprise will be the same as it has been in banking: Increased consolidation and fewer choices for consumers. [Continue]

In community banking circles, Basel III is anathema

Basel III emerged an easy target for bankers and industry experts who spoke at the Bank Holding Company Association’s Fall Seminar. Former FDIC regulator Scott Polakoff, consultant J. Michael Woody and FDIC Director Thomas Hoenig offered commentary on the regulation. [Continue]