Gretchen Morgenstern’s highly informative piece:
An excerpt from the article:
“With the big banks,
everything is negotiated,” said Edward J. Kane, a professor of finance at
Boston College and an authority on regulatory failure. “The rule provides a
constraint on the negotiation, but ultimately the Fed and these banks are
married. They are, day after day, dealing with each other and as in a marriage
you almost never issue an ultimatum.”