Looks Like Now We Need a Commercial Financial Protection Agency:

Martin Robins has a good summary today of some of the flaws of the financial regulatory reform bill in his column “Financial Regulations Miss The Target.”  He notes, among other points, that by the end of the year at least 11 percent of securitized commercial loans are expected to be 60 days or more past due.

Sounds like we need a Commercial Financial Protection Agency to protect all those poor unfortunate commercial real estate developers who were taken advantage of and are now in foreclosure.  Unfortunately the acronym “CFPA” has already been taken.

I’m not certain that I necessarily agree with all of the details of what Robins says, but he makes some strong points, especially about how many of the proposals under consideration would not do anything to address real problems but could create more cost and uncertainty for markets.

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