BankThink

Editor's Note: This letter to the editor was written in response to "Voters Overwhelmingly Support Wall Street Reform" from Credit Union Journal's Daily Briefing, July 20.

The paper quotes First Niagara CEO John Koelmel as saying it will eventually have to do a capital raise to support the larger balance sheet. Antitrust issues may also arise, FT says.

Never, ever, give Twitter accounts to stockbrokers. If you give thousands of commission-based sales people access to broadcast media, someone is bound to say something stupid.

Many commentators ignore this part of the central bank's job and think any bank that gets liquidity from the Federal Reserve is a failed bank.

A minimum credit score would not cap or regulate risk, or even measure it consistently. Instead it would ensure that the risk floor for QRMs would actually fluctuate.

If I came across a borrower who is deep in debt and whose obligations exceed their income and yet continues to borrow to service those obligations, I would not consider them a good risk.

Receiving Wide Coverage ...Fighting May Move to the Courts. House Republicans are calling on the Securities and Exchange Commission to provide an accounting of the time and money it spent on a failed plan that would make it easier for shareholders to fire members of corporate boards. A federal appeals court killed the SEC plan several days ago, the Post reported. But, the ruling could have greater implications, according to the Journal. The court ruling has given business leaders hope that if their appeals for changes in Dodd-Frank are nixed by regulators and lawmakers, the courts may be a last option.

Market evolution in recent decades has made it harder and harder for smaller institutions to access capital. Meanwhile, regulatory restrictions impede alternatives that could fill the void.

The agency's final rule contains glaring legal errors and whitewashes the role preemption played in enabling the lending excesses that precipitated the crisis.

A new malicious program makes no attempt at subtlety – it dupes victims into transferring away their own money.