Tag Archives: banking

Bank Regulators Have Conflicting Goals

Last month, POLITICO published an article that detailed a new mortgage rule that the Federal Reserve is proposing. Specifically, the Fed is looking to disincentivize banks from offering low down payment loans to consumers by making them more expensive, with the aim of avoiding a repeat of the 2008 financial crisis. Civil rights and housing groups have joined forces with banks to push back against … Continue reading Bank Regulators Have Conflicting Goals »

The Silicon Valley Bank Failure Explained

My name is Morris Pearl. I am the Chair of the Patriotic Millionaires and a former managing director at BlackRock. We usually write this newsletter in the collective voice of our entire membership. This week though, I’d like to take the reins and give you my perspective on the Silicon Valley Bank (SVB) failure that has been dominating the news over the last few days. (Two other … Continue reading The Silicon Valley Bank Failure Explained »