Sympathy for bankers is not a common phenomenon. But maybe a little is warranted right now. Banks stocks are down by half or more in the US and Europe, putting the exercise prices of those options that a lot of bankers get even further out of the money. Their bonuses are dropping, too. But of course that is only for bankers who can keep their jobs. Someone estimated that European

There are three other issues that Dodd-Frank should have focused on, while leaving the remaking of the whole financial system for another day. I covered the first three in my last post. Here are the others: Shadow banks, special investment vehicles [SIVs] and conduits. These were all vehicles used by banks and other non-bank firms to park assets and liabilities to keep them off their balance sheets and out of