JULY 21, 2011 The SEC and FDIC are led by boards. Why should one person have sweeping powers over the economy? By RICHARD SHELBY Mr. Shelby, a Republican senator from Alabama, is the Ranking Republican on the Committee on Banking, Housing and Urban Affairs. On July 18, President Obama nominated former Ohio Attorney General Richard
THE DANGER OF AN UNACCOUNTABLE ‘CONSUMER-PROTECTION’ CZAR Read More »
JULY 21, 2011 America added 44 million jobs in the 1980s and ’90s, when both parties showed they had learned from past mistakes. The lessons have been forgotten. By JOHN B. TAYLOR Mr. Taylor, a professor of economics at Stanford and a senior fellow at the Hoover Institution, is the author of “Getting Off Track:
THE END OF THE GROWTH CONSENSUS Read More »
JULY 20, 2011 Richard Cordray is a junior achievement Elizabeth Warren. In the small favors department, President Obama did not nominate banking scourge Elizabeth Warren to run the new Consumer Financial Protection Bureau. Instead on Monday he nominated one of her protégés, former Ohio Attorney General Richard Cordray, whose career sounds like Mrs. Warren without
POLITICIZING CONSUMER PROTECTION Read More »
MSNBC To GOP Congressman: “Do You Have A Degree In Economics?” MSNBC’s Contessa Brewer, you may remember just yesterday said the attack on Rupert Murdoch at a hearing encapsulated what the British were feeling. Today, Contessa “educated” a conservative Representative that without the bailout, the country would be in “a depression.” Rep. Mo Brooks (R-AL)
VIDEO – MSNBC CONTESSA BREWER QUESTIONS MO BROOKS RE HIS ECONOMICS DEGREE Read More »
JULY 18, 2011 Regulators don’t want to reveal how vulnerable banks are to a sovereign default. Almost every bank in Europe passed the latest round of stress tests, according to results released Friday night by the European Banking Authority. A lot of good that news did. Stock prices came under pressure around the world on
THE STRESS EUROPE WON’T TEST Read More »
JULY 12, 2011 . By PETER WALLISON Mr. Wallison, a senior fellow at the American Enterprise Institute, was a member of the Financial Crisis Inquiry Commission and dissented from the majority report. EXCERPT FROM THIS ARTICLE: Far from being a marginal player, Fannie Mae was the source of the decline in mortgage underwriting standards that
GOVERNMENT-SPONSORED MELTDOWN – FANNIE MAE Read More »
June 15, 2011 “Brother, Can You Spare a Regulation?” By Tony Blankley Last week, in a much-discussed, open, live, televised forum, Jamie Dimon, the CEO of JPMorgan Chase, asked Federal Reserve Chairman Ben Bernanke the $64 trillion question. While most commentators focused on the apt question, it was Bernanke’s answer that shocked me when I
REGULATING THE NATION INTO A DEPRESSION Read More »
Seems what goes around, comes around … “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries
OBAMA QUOTE ON THE DEBT LIMIT FROM 2006 Read More »
