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Issue of March 19, 2007 |     |
Two PointsThe advent of the NCAA college basketball tournament isn’t the only recent occurrence to revive talk of “bubbles.” Discussion of so-called bubble teams on the cusp of making the field of 64 (well, 65, actually, but does that new play-in game really count?) that will be invited to the “Big Dance” lasts only a day or two, and quickly disappears as the March Madness competition begins. Safety in Numbers Change is inevitable. You can’t fight city hall. Those two adages appear to reflect the mentality of a group of families living on the last residential parcel in what was once a rural neighborhood in the town of Lakeville. Patrick Makes Strides on Housing By Aaron Gornstein After his first 60 days in office, Gov. Deval Patrick has made important strides on affordable housing through specific funding increases in critical programs, as well as his public support for other housing initiatives. Coastal Insurance Regulation Fails to Shore Up Troubled Market By Geoffrey A. Gordon Big changes in home insurance cost and availability up and down the Atlantic Coast are prompting greater regulatory attention, to both underwriting (before losses) and claims (after the loss). Neither is conducive to a healthy insurance marketplace; increasingly limited availability in these markets now affects lending and real estate interests. Comment Period Closing on Bank Securities Brokerage Proposal By Kevin J. Handly The period for public comments on the joint proposal of the Federal Reserve Board (FRB) and the U.S. Securities and Exchange Commission (SEC) to regulate the securities transactional services of banks will close March 26. The regulatory compromise proposal brings to a close an eight-year battle between federal securities regulators and banks over the securities transactional services banks can provide to their customers. Check and Balance Banker & Tradesman's political cartoon. |
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