MARCH 25, 2011 The identification of firms as too big to fail is a mad policy that will confer unfair marketplace advantages and put taxpayers on the hook for future bailouts. With the comment period now closed on its proposed rule, the Financial Stability Oversight Council (FSOC) is getting ready to outline the terms for […]
DODD-FRANK’S THREAT TO FINANCIAL STABILITY Read More »
WASHINGTON TIMES Pentagon study sees element By Bill Gertz– The Washington Times February 28, 2011 Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system. The unclassified 2009
FINANCIAL TERRORISM SUSPECTED IN 2008 ECONOMIC CRASH Read More »
MARCH 19, 2011 Hedge-fund manager Paul Singer recognized the risks of subprime mortgages and bet against them. Now he warns that monetary policy could cripple American banks again. By JAMES FREEMAN At the height of the housing bubble, hedge-fund manager Paul Singer was shorting subprime mortgages. By the spring of 2007, he was warning regulators
MEGA-BANKS AND THE NEXT FINANCIAL CRISIS Read More »
MARCH 15, 2011 Banking’s Scourge on Charm Offensive By VICTORIA MCGRANE And MAYA JACKSON RANDALL Elizabeth Warren has earned a reputation as the scourge of the financial industry. Banks used “tricks and traps” to carry out a “massive looting from middle-class families,” the Harvard professor and consumer advocate has said. She slammed Wall Street chiefs
ELIZABETH WARREN – BANKINGS’ SCOURGE ON CHARM OFFENSIVE Read More »
Published on The Weekly Standard (http://www.weeklystandard.com) Regulator in Chief The unchecked, unelected, unaccountable Elizabeth Warren. Fred Barnes February 28, 2011, Vol. 16, No. 23 The Consumer Financial Protection Bureau (CFPB) is forgotten but not gone. It’s housed, quietly and temporarily, in the Treasury Department as it prepares to become an official, stand-alone federal agency on
REGULATOR IN CHIEF Read More »
February 24, 2011 By Victor Davis Hanson President Obama established a bipartisan debt-reduction commission — and then ignored its findings, which called for unpopular reductions in entitlements and across-the-board spending cuts. His first two budgets led to the largest deficits in U.S. history. The ensuing $3 trillion dollars in red ink prompted the tea party
AFTER OBAMA, THE DELUGE – VICTOR DAVIS HANSON Read More »
FEBRUARY 23, 2011 Few protesters in the Middle East connect rising food prices to U.S. monetary policy. But central bankers do. By GEORGE MELLOAN In accounts of the political unrest sweeping through the Middle East, one factor, inflation, deserves more attention. Nothing can be more demoralizing to people at the low end of the income
THE FEDERAL RESERVE IS CAUSING TURMOIL ABROAD Read More »
Published on Washington Examiner (http://washingtonexaminer.com) By Lawrence Kudlow Feb 2 2011 Did Bernanke and ethanol sink Egypt? Decades of autocratic government and a lack of free elections are, of course, the main drivers of the political upheaval in Egypt. But did the sinking dollar and skyrocketing food prices trigger the massive unrest now occurring in
DID BERNANKE AND ETHANOL SINK EGYPT? Read More »
