Since the third quarter of 2011, OREO levels at community banks in the District and nationwide have declined. However, the current volume of these properties is much higher than what it was before the start of the financial crisis, indicating that such banks have a long way to go before OREO levels return to what they were before the financial crisis.
Five years after the financial crisis, regulators and lawmakers are still attempting to deal with the big banks—those considered “too big to fail.” Recent “misbehaviors” associated with big banks have invigorated the debate: Are these organizations too complex to effectively manage?
Money market mutual funds (MMMFs) were subject to some modest regulatory changes in 2010, but many observers argue that the industry is in need of a more substantial overhaul. The $2.9 trillion MMMF industry is objecting, pointing out that the effects of the 2010 reform should be thoroughly examined before further changes are adopted and that radical changes would threaten the industry’s survival.