The Trump administration is moving to reduce capital requirements for American banks of all sizes. At least one Bush administration regulator says now is a bad time to try pulling that off.
We hopped on the phone last week to interview Sheila Bair, who led the Federal Deposit Insurance Corp. during the George W. Bush administration and stayed on for part of Barack Obama’s presidency. Bair has never quite been satisfied with the capital standards thrust upon banks after the 2008 financial crisis.
