A collection of new banking resources from around the internet:
- FDIC OIG Comprehensive Study of Impact of Failure of Insured Depository Institutions – As mandated by statute, the FDIC Inspector General studied the impact of of bank failures on other institutions, including the impact of loss-share arrangements, formal enforcement actions, the FDIC’s handling of private equity, and examiner implementation of appraisal guidelines. We will publish a summary on BankBryanCave.com this week, but the study concludes “the regulators generally fulfilled their supervisory and resolution responsibilities as defined by statutes, regulations, accounting standards and interagency guidance in place at the time.”
- White House Rejects Petition to Build Death Star – While sharing the desire for job creation and strong national defense, the White House rejected on the petition to commence construction of a Death Star on three principal grounds: (1) construction costs estimated to be $850,000,000,000,000,000; (2) the Administration does not support blowing up planets; and (3) concerns regarding a fundamental design flaw that can be exploited by a one-man starship.
- Federal Reserve Bank of Boston Releases iPhone App – The App, which is a currency trivia game, is currently getting good reviews.
- Treasury Nominee Jacob Lew’s Signature Described as Ridiculous – I personally believe my three-year old has a better signature (even with his currently broken collar bone.)
- Treasury provides background on the history of the Treasury’s bust of Alexander Hamilton – Also serves as a reminder that no matter how disfunctional our government may currently be, at least we don’t have the sitting Vice President killing the Treasury Secretary in a duel. Federal Reserve Vice Chair Janet Yellen delivered this speech on interconnectedness and systemic risk on January 4, 2013. (I personally can’t see Joe Biden shooting anyone, and Dick Cheney only shot a friend.)
- CFPB’s Ability to Repay, Qualified Mortgages, Escrow, and HOEPA Rules Provide Clarity and Certain Opportunities – This BankBryanCave.com summary provides an initial review of CFPB’s actions this week, including links to the new rules. Further updates forthcoming on BankBryanCave.com
For banking-related content from around the web on a real-time basis, follow @RobertKlingler on Twitter.