The second puzzle happened last week when the Fed reported on the methods used by bank examiners for the stress tests.
Feinberg more accountants, examiners and others to pore over records and to zap overcharges.
Compliance with this extensive regulatory framework is enforced by daily supervision and periodic (often unannounced) visits by bank examiners.
The trouble is that examiners cannot always tell when a patent is unwarranted.
