On Wednesday, Oct 14th, Governor Daniel K. Tarullo testified before the Senate’s Subcommittee on Financial Institutions, and the Committee on Banking, Housing and Urban Affairs. Highlighting several signs of improvement in the banking, real estate and financial markets, Governor Tarullo was careful to note that each “…remains fragile and key trouble spots remain…” Included in his concerns, forecasts that the real estate market (particularly commercial real estate) will continue fall and that smaller banks are continuing to have difficulties raising their capital ratios. However, with that stated, Governor Tarullo remains…transcript of Governor Daniel K. Tarullo’s testimony from…

To read the full transcript, please click on the article name above.