Juggling Dynamite

Regional Bank Profits to Get Hit by New Regulations: Whitney Regional banks are going to become less profitable because of tighter financial regulations and are likely to close thousands of bank branches to cut costs, analyst Meredith Whitney told CNBC. More layoffs are inevitable. She predicts two million layoffs among the nation's 19.4 million government workers.
QE isn't helping, she said:
“It seems as if the market expects Oprah Winfrey to jump out of a cake and give away free cars with QE2,” Whitney said. “Does QE2 help middle America? No, it just makes everything more expensive for middle America. I think that is a complicated policy and a dangerous policy to take things that much further.”

Gary Shilling, president of A. Gary Shilling & Co., talks about the impact of the decline in U.S. consumer spending on global currency policy, and the G-20 summit in South Korea.. Watch the interview here.

Nassim Taleb, New York University professor and author of “The Black Swan: The Impact of the Highly Improbable,” discusses the Federal Reserve's decision to initiate another round of quantitative easing. Taleb on Bernanke: “This guy doesn't understand risk:”
Watch Bloomberg interview here.