Small Banks Exiting Market Due to Heavy Regulatory Load, Warns ABA
June 1, 2010
The banking industry is nearing its breaking point as many small banks are exiting the business due to the growing list of regulatory burdens, warned the American Bankers Association. In a May 26 letter, the ABA urged Treasury Secretary Timothy Geithner to do something about the crushing weight of regulations, both existing and coming down the pike. “This is simply out of...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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