NYTimes: In U.S. Monetary Policy, a Boon to Banks

June 29, 2011

By Jesse Eisinger, Propublica

“The most pronounced development in banking today is that executives have become bolder as their business has gotten worse.

The economy is clearly weaker than expected, and housing prices are falling throughout the land, eroding bank asset values. Yet regulators are on their heels in Washington as bankers and their lobbyists push back against the postcrisis regulations, even publicly condemning the new rules.” Click here to read more.