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The Fed floats the idea of annual capital reviews for banks with over $50B in assets - including...

The Fed floats the idea of annual capital reviews for banks with over $50B in assets - including any details for dividend hikes or stock buybacks, which would require central bank approval. In effect? It's a formalization of the most recent stress test processes. Now what will Jamie Dimon (JPM) say?
Comments (11)
  • Stress Tests are a great idea....they were good in 2009 ( and very informative)
    10 Jun 2011, 11:32 AM Reply Like
  • no it is the Government and the POLITICANS wanting to control the industry....lets see you donĀ“t loan enough to my poor constituents...I require you to have more Capital....and no more dividends or pay raises
    10 Jun 2011, 11:38 AM Reply Like
  • Stop all the phony, sub-rosa, Government direction of private enterprise. Put it right out there on the table in a honest fashion, so we can see what this is really all about.

     

    Just nationalize the banks, and get it over with. Then, we can proceed in a nice Soviet-like manner.

     

    P.S. Who's next, after the banks?
    10 Jun 2011, 12:02 PM Reply Like
  • Control the industry? Are you serious?

     

    All these idiots have done is allow the TBTF banks to become 3x's as large as they were in 2008 when this mess first hit. Now the banks are, by some metrics, insolvent. We can't let them run completely free and regulate themselves or they will orchestrate and repeat the same taxpayer bail-out as they did in 2008.
    10 Jun 2011, 12:14 PM Reply Like
  • The Government initiated the crisis with their housing and monetary policies, and the investment banks pushed it all off a cliff with their phony, manipulated "AAA" RMBS. The banks were made mincemeat in the process.

     

    Now, when we need the banks to have incentives to lend and help stimulate the economy, we get asinine policies intended to do just the opposite. The Government is allowing the banks risk-free returns for giving money back to wasteful Government and putting all kinds of caps, fees, regulations and other impediments to any private-sector lending. On top of all this, we have endless stupid demagoguery, blaming the banks for a problem that wasn't of their origination, even if they wound up being the meat in the sandwich.

     

    Believing in Government over private enterprise is what's truly idiotic. They destroy almost anything they get near. They produce nothing and take ever more from the declining productive sector of the economy. So, if you want a declining, stagnant, statist, Soviet-like economy, just wish for ever more Government involvement and control of the banks and every other business. After all, the Government is your friend, right?

     

    Apparently, too many would rather relish banks being "punished" than having a vibrant economy. Be careful what you wish for, you may get it.
    10 Jun 2011, 12:29 PM Reply Like
  • Jamie Dimon got comp over $20M last year - Bernanke made $196,700...perhaps one of their opinions should be taken as a little more genuine.
    10 Jun 2011, 11:41 AM Reply Like
  • Clearly one is grossly overpaid. You guess which one.
    10 Jun 2011, 12:15 PM Reply Like
  • For the record - that was what I meant
    10 Jun 2011, 02:56 PM Reply Like
  • The only good solution is to push all efforts toward eliminating TBTF status. Banks have to be confident that not only is their existence at risk, but that 10 years of earnings from top management is also at risk, even if they've left the company in the last 10 years. Then let them manage their own affairs. This micromanagement is a huge mistake.
    10 Jun 2011, 12:23 PM Reply Like
  • Looks very much like the banks ARE being nationalized....via over-regulation, penalties, negativity in the media, politics and micro-management. Nearly every day we read of some new charge against financial institutions. I don't blame Dimon one bit for speaking up. Somebody needs to.
    10 Jun 2011, 02:00 PM Reply Like
  • Elizabeth Warren is a bankruptcy law professor who has never run
    a business...
    12 Jun 2011, 03:29 AM Reply Like
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