Members of the House Financial Services Committee made some progress on monetary reform this past week by introducing three new bills on November 7th and 8th, which are to be marked-up in Committee on Tuesday — along with a host of other financial services related bills. The…
The Heritage Foundation recently released a policy book, The Case Against Dodd-Frank: How the Consumer Protection Law Endangers Americans. The book consists of a title-by-title examination of Dodd-Frank, with each book chapter more or less corresponding to one of Dodd-Frank’s titles. CMFA’s Mark Calabria and Thaya Brook…
A recent Marginal Revolution post has alerted me to Eric Posner's January 2016 working paper, "What Legal Authority Does the Fed Need During a Financial Crisis?" Posner's paper is remarkable, both for its assessment of the legality of the Fed's emergency lending operations during the recent crisis,…
For all the ink spilled on TARP — the bailout package authorizing the Treasury to purchase or insure up to $700 billion of “troubled assets” during the financial crisis — that program is dwarfed by another market intervention that occurred around the same time. In fact, the Government…