Reply to What's going on at the FDIC?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Probably not just about bank failures:

https://finance.yahoo.com/news/fdic-thrown-into-turmoil-amid-push-for-biggest-us-banking-rules-overhaul-since-2008-160034933.html[/quote]

True, the proposed capital rule is surely a factor, but Gruenberg and others justify the high charges as what is needed to prevent another SVB, Signature or First Republic type failure. In other words, a view that is was not a failure of supervision but one of regulation.

The D member on the FDIC board from the OCC likely was not all that on board with the excesses of the proposed rule that Gruenberg pushed and would probably work with the Rs if Gruenberg were not there.[/quote]

Are you kidding? The OCC participated in that [b]joint[/b]rulemaking and issued the same proposed rule. [/quote]

And with the Federal Reserve.  Capital rules are almost always issued jointly.  FDIC would have held the rule up indefinitely if the other two agencies didn't cave to Gruenberg's excessive demands.[/quote]

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