Isaac: Banks Strengthen, But Fed's Low Rates Are Worrisome

Fmr FDIC head Isaac - Banks stronger but Fed policy and politics worrisome
Former FDIC head William Isaac tells that US banks have been much stronger in over 40 years.  They have built their capital over the years.

However, what is worrisome is the low interest rate regime being encouraged by Federal Reserve Bank. This makes making money difficult for the bank.  The income of banks now are coming from the recovery of loan loss reserve set earlier.

The credit downgrade of US can hurt the banks.  Politics in US is also worrisome

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