Inevitable Ineffective Banking Regulation

I am mystified at why people might be outraged or surprised that the Federal Reserve does a poor job of overseeing banks. The Fed is an overstaffed bureaucracy. Overstaffed bureaucracies always tend toward consensus and non-confrontation. I know this from my days of working as an actuary inside an overstaffed life insurance company, and applying […] View the full post at: Inevitable Ineffective Banking Regulation Related posts: Financial Regulation: The Danger of Discretion John Thain Agrees to Run BofA’s Global Banking Division Warren Buffett’s Banking March 9 Prediction