Penn's Conti-Brown Talks Basel, Tensions Between Wall Street and Washington and Why it's a Bad Idea for Banks to Sue Their Regulators

Also, capital experts think Barr may ease rule; trade groups ratchet up Basel lawsuit threat; arguments set for next month in private funds suit; Gensler gives update on X hack

(Note to readers: Capitol Account will be off on Monday for the Martin Luther King Jr. holiday. We will be back on Tuesday, Jan. 16.)

Friday Q and A: In Washington, it's easy to get caught up in the daily twists and turns of policy fights. Who’s up? Who’s down? Who’s planning to sue? (At Capitol Account, we plead guilty.) Sometimes, however, it is benefi…