Amid all the uncertainty surrounding the coronavirus crisis, the CMFA is glad to have some good (and timely) news to share: we've added a new expert to our full-time policy staff. Jennifer Schulp joins Cato as the CMFA's director of financial regulation studies, where she will work…
Twelve years after the 2008 financial crisis, America's housing finance system is once again under strain. The acute decline in economic activity that coronavirus fears and government-mandated lockdowns have caused is disrupting cash flows for millions of households and businesses. In just four weeks, 22 million people…
Earlier this week, while most of us were still trying to wrap our heads around the Fed's emergency lending plans, consumer advocate Ralph Nader fired-off an irate letter to its Chair, Jay Powell. Nader's letter didn't take issue with any of those plans. Instead, it accused Powell…
While it appears the combination of ample liquidity injections by the Fed and soft loans guaranteed by the Small Business Administration has managed to ease concerns of a looming and massive cash crunch across the economy, there is at least one group of financial firms that has…
Money-market mutual funds (MMMFs) have had a turbulent couple of weeks. On March 18, the Federal Reserve System created a Money Market Mutual Fund Liquidity Facility (MMLF) to "assist money market funds in meeting demands for redemptions by households and other investors." What's the source of the…