Whitehead’s point deserves underscoring because it illustrates reason for economic optimism. Investors may well be “once bitten, twice shy,” but investor psychology can turn on a dime, much faster than can institutions with serious structural weaknesses. Not that winning back trust will be–or should be–easy. “If I could wave a magic wand,” admitted Whitehead, “I would bring back Glass-Steagall–or something like it.” Continue reading Washington Federal’s Roy Whitehead on Banking, Public Trust, and Regulations