The Fed must weigh in on the systemic risk of Capital One’s (NYSE:COF) proposed $9.2B...

The Fed must weigh in on the systemic risk of Capital One’s (NYSE:COF) proposed $9.2B purchase of ING Direct (NYSE:ING), and its decision could have a broad impact on what Dodd-Frank means for the biggest U.S. banks. So far, the Fed has said little about how it will apply the new rules. The debate is overdue, Steve Davidoff writes: "What type of banks do we really want and need?"