Daniel Indiviglio is a Reuters Breakingviews columnist, based in Washington, where he covers the intersection of politics and business. He joined from The Atlantic, where he covered a similar beat, providing analysis on topics such as financial regulation, housing finance policy, the Treasury, and the Fed. He also wrote for Forbes. He is a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. Prior to becoming a journalist, Dan spent several years working as an investment banker and a consultant for financial services firms. He holds a BA from Cornell University, where he triple majored in economics, philosophy and physics. Follow Dan on Twitter @indiviglio
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Washington’s $200 billion-plus subsidized agricultural lending complex includes Farmer Mac, a rural copy of ill-fated Fannie Mae and Freddie Mac. Despite a hot farmland market, though, the system looks ruggedly capitalized enough to avoid the bailout fate of the home-loan behemoths.
Whether fining foreign banks like BNP or barring U.S. firms from business with governments it wants to punish, Uncle Sam has huge global clout. Having big companies and banks is part of it, but issuing the world’s reserve currency – and clearing trades at home - may do more.
Revising so-called FICO math mainly reflects political pressure to help more Americans borrow. It’s a bit like the government’s push for home ownership before the 2008 crisis. So far, bank regulators are mostly still leaning the other way. But lenders can also play their part.
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- GE's $20 bln cards IPO puts a lot on credit
- U.S. money market rules better late than never
- Controversy upending Dodd-Frank's smartest goals
- Too-big-to-fail is more than one-size-fits-all
- JPMorgan's return to health a fillip for Dimon
- Wells Fargo may be leaving $90 bln on table