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JUL 29, 2010 4:00pm ET

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Visa Won't Say Much About Impact of Reg Reform
JULY 30, 2010

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Chief executives played it cool when it came to assessing the impact of new regulations during earnings calls, but it doesn't change the fact that a rulemaking firestorm is on the horizon.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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