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: #37, May 2013

The Longbrake Letter
- Bill Longbrake
The strong US April employment report rekindled optimism. However other indicators of US economic activity continue to paint a picture of weak, but positive growth. In this month's letter, Bill Longbrake discusses trends in employment, income and consumption and prospects for GDP. Special topics include a discussion of asset price bubbles – they don't exist yet, the coming debacle in France, and the risks Japan's economic policies pose to Japan over the longer run and to the rest of the world over the shorter run.

Solving for “To Fail” in “Too Big To Fail:” The FDIC's Single Point of Entry Recapitalization Procedure
- Jim Sivon
The Bipartisan Policy Center has endorsed the single point of entry recapitalization process that the FDIC is developing to resolve systemically important financial firms under the Orderly Liquidation Authority established in Title II of the Dodd-Frank Act. This article describes the key features of that process.

Mom! They broke them!
-Bob Barnett
Breaking up big banks will be hard to do. There would be demands for a large number of skilled personnel that will be hard to find, among other things.