1. Why does the U.S. have so many small banks relative to other western industrialized economies?
2. Why are zombie banks economically destructive? DONE
3. What is the economic argument for placing activity restrictions on banks?
4. What is the economic argument for universal banking?
5. What are the pillars of Basel? Briefly describe each. DONE
6. What are (3) deficiencies of Dodd-Frank?
7. Why does the U.S. suffer from chronic bank wars?
8. What is CAMELS? What is it's purpose? (distinguish between regulatory forbearance and prompt corrective action)
9. Why is there chronic tension between regulators and banks over capital adequacy?
10. How does the Volcker rule operate? Why is the Volcker rule one of the most problematic aspects of Dodd-Frank regulation?
each question must be answered with one paragraph or more.