I was delighted to hear on the radio that the head of the FDIC wants banks to stop lending only to the best risks, but to take more prudent risk and expand their lending to small business.
Needless to say that in order to make this workable we need the FDIC to issue extensive regulations defining prudent.
It may also help if there were a new prudent risk bankers bonus pay plan.
FDIC STAFF DISCUSS THE DEFINITION OF PRUDENT AT A RECENT HIGH LEVEL MEETING
QUINNSCOMMENTARY 