Lev Menand
speaker
1,295 appearances
6 recordings
1 series
first heard Jan 2025
last heard 17 Jul
Lev Menand’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
bank account.
I'm gonna go to JP Morgan and just have a big balance there.
Yeah, I'm gonna be earn a little less yield on my cash, but I know that it's money good and it's gonna be available.
And you know what, I just don't need to be a repo counterparty to Liam Brothers anymore.
And that was what brought down Liam Brothers was just a an old fashioned bank run on its repo book.
Yes, it's never a good time to regulate.
So really deep and difficult question because
You guys m may have been following the Basel Endgame Capital Requirements project of the last several years of the US banking regulators and Michael Barr, the vice chair of the Fed for supervision, who's been leading that project, who uh has recently announced he's gonna step down as vice chair for supervision and part of it is just that it seems unlikely that he's gonna be able to get that project over the finish line.
The reason I bring this up is you might think
When the banking system is making record profits
And the economy is humming along nicely.
Would be a great time.
to strengthen the regulatory regime.
And the Biden administration and its bank regulators have tried to strengthen the domestic, you know, onshore deposit, you know, regulatory regime of domestic deposits, and they've been completely stymied.
And so plainly, when things are good, that's not actually a good time because nobody wants to to nobody everybody's.
Everyone's like everything is fine.
We don't need to make any changes right now.
And so the the the inertia prevents changes.
And so actually practically
It is during crisis.
Showing 981–1000 of 1,295 · page 50 of 65
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