(Video) Fed Doing Harm... to Savers
Last night on Freedom Watch I questioned Fed Chairman Bernanke's ability to be self reflective after he suggested to Congress that they take care to "do no harm." While that is great advise and all,...
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Bernanke Resolved to Favor Traders, Inflation, and Government Debt with...
Fed Chairman Bernanke told the National Association for Business Economics conference this week that the labor market was still in “deep” trouble and so we should expect ZIRP (zero interest rate...
View ArticleSheila Bair on the Prowl, a Guide
My first thought when I read the soon-to-be infamous Sheila Bair op-ed in the Washington Post this weekend was to laugh out loud and share the $10 million-loan-for-everyone suggestion with the driver...
View ArticleDurbin Swipe Fee Watch V: Gas Retailers
It is time for another edition of the Durbin Swipe Fee Watch. Recall that the Durbin Amendment was a last minute measure added to the Dodd-Frank Act. The provision, which directed regulators to cap...
View ArticleRestoring Trust in Mortgage-Backed Securities
The mortgage finance market has leaned heavily on government support over the past few years. More than 90 percent of mortgages originated in 2011 were securitized by government entities using taxpayer...
View ArticleCrony Capitalism and Sallie Mae
In the last decade total student loan debt has grown nearly fourfold. Much of the focus on this growing problem has concentrated on the increasing cost of higher education. This brief looks at another...
View ArticlePayday Lending: Protecting or Harming Consumers?
The payday lending industry has enjoyed meteoric growth in the past couple of decades. From virtually no payday lending stores in the early- to mid-1990s, it has grown to more than 20,000 outlets...
View ArticleGovernment Officials Say Sweeping Financial Overhaul Is Coming
In the coming weeks the movement to reorganize the U.S. financial industry will begin to pick up steam. Federal Reserve Chairman Ben Bernanke is urging a sweeping overhaul of financial regulation....
View ArticleThe Tax Man Cometh
Congress may be home campaigning for the upcoming election, but the tax policy debate has not cooled down. Whether in a lame duck session or as a first order of business come January, something will be...
View ArticleRestoring Trust in Mortgage-Backed Securities
The mortgage finance market has leaned heavily on government support over the past few years. More than 90 percent of mortgages originated in 2011 were securitized by government entities using taxpayer...
View ArticleCrony Capitalism and Sallie Mae
In the last decade total student loan debt has grown nearly fourfold. Much of the focus on this growing problem has concentrated on the increasing cost of higher education. This brief looks at another...
View ArticlePayday Lending: Protecting or Harming Consumers?
The payday lending industry has enjoyed meteoric growth in the past couple of decades. From virtually no payday lending stores in the early- to mid-1990s, it has grown to more than 20,000 outlets...
View ArticleAs housing and stock markets boom, has Congress learned from the last crash?
This week the Senate is set to take up a major bank reform bill that Reuters says would be “a vote on one of the biggest rewrites of financial industry rules since the Dodd-Frank Act was passed nearly...
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