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Is the financial system stable without regulation? - The central role of...
In recent weeks, the Fed has been pressing the SEC to tighten the regulation of money market mutual funds (MMFs)-a step which surveys show could substantially reduce the value of this $2.6 trillion...
View ArticleToo big to fail has become a permanent bailout program - The central role of...
Congressman Paul Ryan’s selection as Mitt Romney’s running mate is being described as a “game changer” that shifts the presidential election from negative tit-for-tat swipes to a higher strategic...
View ArticleTreasury revision of Fan/Fred payments seals their fate - The central role of...
The Treasury Department’s announcement last Friday–changing the payment arrangements on the preferred stock it holds in Fannie Mae and Freddie Mac–seems to seal their fate. Under the new plan, the...
View ArticleThe Bush hangover - The central role of government in the housing boom and...
Despite—or because of?—continuing bad economic news, President Obama has doubled down on the argument that Mitt Romney and the Republicans will take the country back to “the failed policies that got us...
View ArticleToo big to ignore: The future of bailouts and Dodd-Frank after the 2012...
Download the PDF Subscribe to AEI’s Financial Services emails. In the first presidential debate, Mitt Romney identified the Dodd-Frank Act as the “biggest kiss” to Wall Street, opening a topic that...
View ArticleThe Shakespearian tragedy of Fannie Mae - The central role of government in...
Bob’s book is full of information, but in addition, it represents an underlying drama—in fact, a Shakespearian tragedy in five acts: Rise, Power, Hubris, Fall, and...
View ArticleDodd-Frank and too big to fail receive too little attention - The central...
Download the PDF When, in the first debate, Mitt Romney referred to the Dodd-Frank Act as “a big kiss” for the Wall Street banks, he opened a discussion that has received too little attention in this...
View ArticleDodd-Frank makes future taxpayer bailouts more likely - The central role of...
Download the PDF If there is one thing the American people disliked about how their government reacted to the financial crisis, it was the bailouts of large financial firms. Obama administration...
View ArticleHow to repeat the mortgage mess - The central role of government in the...
In September 2008, amid the financial panic and collapse of the housing market, the federal government bailed out and took control of Fannie Mae and Freddie Mac, two government-sponsored enterprises...
View ArticleFaux outrage over ‘Too big to jail’ - The central role of government in the...
Attorney General Eric Holder’s statement that some U.S. banks have grown so large that they cannot be prosecuted was apparently an exciting moment for proponents of breaking up the big banks. “Too big...
View Article10 years later: Remembering the financial crisis - The central role of...
This September marks the 10th anniversary of the collapse of the investment firm Lehman Brothers — an event associated with the worst financial crisis since the Great Depression. A variety of reasons...
View ArticleThe hidden cost of free money
According to Inside Mortgage Finance, on September 30, 2011, U.S. banks and savings and loans held $1.363 trillion in mortgage-backed securities issued by U.S. government-backed agencies such as...
View ArticleDodd-Frank and the myth of ‘interconnectedness’
In a report last week, Treasury Secretary Tim Geithner noted that the Financial Stability Oversight Council will name the first “nonbank systemically important financial institutions” this year. Under...
View ArticleA new housing finance system for the United States
IntroductionImplicit in most of the proposals for reforming the U.S. housing finance system is A new housing finance system for the United States Download PDF the idea that mortgage- backed securities...
View ArticleThe ‘big lie’ defense
It’s always painful to take on the myths and ideological narratives of the left. The pundits of the liberal (excuse me, “progressive”) media make a pretense of listening to reason, but when their views...
View ArticleBet the house: Why the FHA is going (for) broke
No serious observer of the Federal Housing Administration (FHA) believes its financial future is bright. But few Bet the House: Why the FHA is Going (For) Broke Download PDF recognize just how troubled...
View ArticleThe Volcker Rule is fatally flawed
Nearly two years ago, in the wake of the financial crisis, Congress passed and President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. Part of that law, the...
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Free fall: How government policies brought down the housing market
Subscribe to AEI’s Financial Services emails. Free fall: How government policies brought down the housing market Download PDF The US housing market is in serious trouble, far worse than in almost any...
View ArticleAn out-of-proportion outcry
Editor’s note: The following article is an opposing view to USA Today’s related editorial, “Whale of a loss feeds needs for rules.” The $2 billion loss by JPMorgan Chase has reawakened debate about...
View ArticleThe Volcker rule would not have prevented JP Morgan Chase’s $2 billion loss
The JPMorgan Chase (JPMC) story – in which the bank lost $2 billion on a failed effort to hedge a $400 billion portfolio of assets – has morphed into a Jamie Dimon story, complete with gossip about his...
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