Editor's Note: This is a monthly publication on economic trends and financial policy issues. In this publication you can read "The Longbrake Letter", an analysis of economic trends and conditions written by Bill Longbrake, as well as commentary on financial regulation and policy written by members of the law firm Barnett, Sivon & Natter, P.C., a Washington, DC based law firm that specializes in financial services law.

ISSUE: #12, April 2011

The Longbrake Letter
- Bill Longbrake
Extraordinarily accommodative monetary and fiscal policies in the U.S. and elsewhere, combined with strong growth in emerging markets, have underpinned a modest economic recovery in the U.S. The recovery is slowly gathering momentum, but remains fragile. However, what is uncertain and worrisome is the possibility that several risks, which have escalated in recent weeks, will impact the economy in the same time frame and trigger reinforcing and negative feedback loops that could slow or even derail economic recovery. This month's letter examines six of the more significant risks.

Reviewing Your Deposit Insurance Coverage
- Paul Smith
Paul Smith recommends a review of all of your bank accounts for deposit insurance coverage, in light of some concerns raised by a review of a state's public accounts.

Mending the FSOC
- Jim Sivon
Some changes in the structure and operations of the Financial Stability Oversight Council are needed in order for it to fulfill its potential.

Mortgage Servicing: Today's Story Should Be Tomorrow's Non-Story
- Robert Barnett
Mortgage servicing will not be the hot button consumer issue three years from now for a variety of reasons. Regulators must be careful not to create a superstructure to service masses of non-performing loans at that time since they no longer will exist.