A lot of readers want to know what I think about the financial regulation bill that Congress passed. Unfortunately, I’ve been too busy traveling to read it or keep up with this week’s commentary. I’ll address it in more detail in the coming weeks and months. For now, the best I can do is repost the two most important columns I’ve written during the regulation debate with a brief follow-up on whether this bill addresses those issues.   Read more…

My latest column is in today’s Sun-Sentinel. You can read it here. I also want to draw your attention to a very good criticism that one reader posted beneath the column; I will reprint their comment and my reply here. “WMI_Investor” writes:

Washington Mutual seizure by the FDIC is FAR from sucessfull…. in the end it will cost the government BILLIONS in lawsuites that have been filed against the FDIC

As the facts up to the seizure become more clear – it should have never been seized in the first place.

JPM was able to pick and choose what it wanted and has left the reciever (FDIC)holding the bag on much of debt that JPM was allowed to shed from WAMU in the acqusition.

Plus FDIC seized property that was not part of the BANK… WMI was not a BANK

You need to do some more investigation and get the facts straight!   Read more…