Graham Steele Talks Progressive Regulators and Banks' `Capital Derangement Syndrome'

Also, an updated PCAOB inspection report finally unveils KPMG's audit deficiencies

Friday Q and A: With a mantra of personnel is policy, progressive Democrats have worked to seed the financial agencies with appointees who share their suspicions of Wall Street – and want to do something about it. By many accounts, the campaign has been a success. Just ask the industry about Rohit Chopra or Gary Gensler or Martin Gruenberg.

But with an e…