The head of one of the largest mortgage trade groups in the US said proposed rules on bank capital levels have the potential to upend the nation’s entire system of financing real estate.
all this high-frequency trading that now accounts for 70% of the daily trading, caused the flash crash, and leaves us still vulnerable in the eyes of lots of folks. do you worry about these things the way i do, and what would it take to get a discussion of that in a presidential campaign? i think that high-frequency trading is kind of a pain and it s noisy. it can get out of control, but i think our problems are sort of bigger than that. and i think the bank capital levels here are better than they are there, and sarbanes sorry, dodd/frank is a bad bill. we d be better off with glass steegel again, but we re moving in the right direction. so i think they re making progress on those things, but the things i worry about are the size of the unfunded liabilities we have in addition to the national debt. i think we kind of have to prioritize. while i agree with you that all of those things should be changed, until we start recognizing the fact we have these monstrous liabilities we