Financial Services Innovation

Talked to a suburban community bank CEO the other day. He's glad his bank is only three years old--very few bad loans. The reluctance of other lenders to commit funds is giving him solid pricing on deals and relationships. He is concerned that a financial products czar will make it difficult/expensive for small financial firms to create new products. This could have the effect of increasing the brand value of big firms by stifling the new product flow necessary for the little guys to compete with the behemoths. But, then, the government owns stakes in the big banks...