Commenter Fred Dobbs reports (NYT) on the seizure of First Republic Bank by banking regulators in the comments section of Angry Bear. I am beginning to wonder how many more seizures will occur. How many failures are resulting from the loosening of Dodd-Frank? It appears the Fed has a greater impact on banks than Labor. JP Morgan Chase to the rescue . . . Earlier Angry Bear commentary on Dodd – Frank here and here. Fred Dobbs comment; First...
Read More »