‘Too big to fail’ is more pervasive and regulation more captured than ever. What went wrong?
First Republic Bank
Posted inEconomic Policy
Banks: The Weak Spot in a Strong Recovery
The larger problem is feeble and captured regulation, resulting in multiple intra–executive branch fights.
Posted inTAP
Elizabeth Warren at Her Everyday Best
Today on TAP: The senator exposes the corrupt connection between the biggest banks and their docile regulators.
Posted inTAP
Bank Runs, Behemoths, and Bailouts
Today on TAP: Better regulation would head off dubious rescues that only increase bank concentration.
Posted inTAP
Morgan’s Takeover of First Republic: A Shady Sweetheart Deal
Today on TAP: The comptroller of the currency rejected other alternatives in the rush to have government underwrite Morgan’s latest coup.
Posted inTAP
The Economy Is Still Doing Well
Today on TAP: But a weakened banking system, coupled with a Fed that is hawkish on rates but kind and gentle on financial regulation, could be the economy’s undoing.
Posted inEconomic Policy
Pre-Farewell to First Republic
The zombie bank is now in a staring match with potential purchasers and regulators. Ultimately, a failure of oversight caused this mess.
Posted inEconomic Policy
Silicon Valley Bank Purchaser Evades Tougher Regulatory Scrutiny
First Citizens only purchased a portion of SVB’s assets, leaving it under the $250 billion threshold for enhanced supervision.
Posted inTAP
The Fed-Induced Bank Wobble
Today on TAP: Silicon Valley Bank’s collapse is a function of the Fed rate spike, and will surely trigger calls for its well-heeled tech and venture capital clients to get a bailout.