Anderson Cooper 360º: Israel Targets Hamas Leadership
Israel goes after Hamas leaders in Qatar. What this means for the war in Gaza, the civilians being told to evacuate, and the hostages being…
Thought Leader: Anderson Cooper
Congress should stay out of new bank rules on loan losses
(Original source Financial Times)
“As I was growing up, my Depression-era parents always preached the importance of having a rainy-day fund to deal with the economic hardships life inevitably throws at you, such as job loss or illness.
Later, as a bank regulator, I valued the similar funds banks set aside to cover losses they would invariably incur on some loans. Unfortunately, in the lead up to the 2008 financial crisis, those funds — called loan loss reserves — were woefully inadequate primarily because of accounting constraints that some bankers rightfully complained about at the time.
But now that accounting standard-setters are trying to improve those rules, industry lobbyists want Congress to help them preserve the status quo.”
Click here to see more
Relevant and recent posts
Ben Sasse: University Trustees Have Their Heads in the Sand
Radicals run wild because those in authority came for status and consensus, not seeking a fight. As professors and students are returning to campus, the…
Thought Leader: Ben Sasse
Leana Wen: How states can protect vaccines from RFK Jr.
The window for a counteroffensive is closing fast. Robert F. Kennedy Jr. has made it abundantly clear since becoming health and human services secretary that…
Thought Leader: Leana Wen
More with this speaker
Sheila Bair: Retail Investors Should Avoid Private Funds
Thought Leader: Sheila Bair
Sheila Bair: Wall Street to trump Main Street
Thought Leader: Sheila Bair