The Globe and Mail reports in its Thursday edition that the news site DCReport ran an exclusive article recently suggesting that unnamed too-big-to-fail banks are feeling a bit stressed these days. The Globe's guest columnist Chris Gay writes that the evidence: sudden, highly unusual infusions of New York Federal Reserve cash into the banks since October totalling at least $85-billion (U.S.), and a drastic relaxation of the limits on these transactions in December. The U.S. financial system is likely not on the brink of meltdown, but the Trump administration's move to weaken post-2008 regulatory measures creates uncertainty that easily spooks the markets. Michelle Bowman, the Fed's vice-chair of supervision since June, is leading efforts to cut Washington staff by 30 per cent by year's end, through attrition and voluntary departures. This follows Jerome Powell's earlier plan for a 10-per-cent reduction. Ms. Bowman claims that oversight will remain intact, as it is managed by the Fed's 12 regional banks, not in Washington. Democratic Senator Elizabeth Warren does not buy it, warning that the Fed is "taking more cops off of the Wall Street beat" and risking a return to the reckless behaviour of the early 2000s.