“Eye-Popping” Bank Profits May Spur More Bank Regs

The latest profit reports have put stricter regulation of big banks in the political spotlight, says a commentator. Years after the worst of the economic crisis, they are still able to take big risks with the government as backstop on the downside. More politicians and regulators are calling for higher capital requirements and ending “too big to fail,” and there are signs of an emerging bipartisan consensus in favor of a 21st century Glass-Steagall Act.