Regulatory oversight from the Consumer Financial Protection Bureau (CFPB) is making it more problematic for large banks to continue in the residential mortgage space (more regs, rules and paperwork).
What is worse is that the $18.2 trillion in liabilities do not include the staggering unfunded future liabilities associated with Social Security, Medicare, and Medicaid.
File this under “When Irish eyes AREN’T smiling … if this blows up.
