Tag Archives

Archive of posts published in the tag: Dodd-Frank Wall Street Reform and Consumer Protection Act

Subverting the Power of the Purse

Yuval Levin recently wrote TheFractured Republic, an intelligent look at the state of political discontent, and a recommended read.  He recently wrote Hillary Is an Embodiment of the Left’s Disdain for Democracy with coauthor Ramesh Ponnuru in National Review. He examines three…

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The True Costs of Compliance

from Daniel Yergin at the WSJ, Markets Run Into Skepticism—and Regulators There had been a shift in the balance of confidence—the respective weighting in people’s minds between the role of markets and government, between the invisible hand and the visible one.…

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Capitalization vs Regulation

While the left claims the greedy 1% led us to financial ruin, years of reflection indicate that wrongheaded regulation and policy had much to do with magnifying the depth of the recession. Deregulation was not the problem, wrong regulation was…

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Stagnant Inertia

Six years from the Great Recession and the excuses for the tepid recovery are becoming worn.  This time is different- well it always is.  There may be an issue with structural changes that affect employment and wages, but this is…

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Glue In the Financial Machinery

from Phil Gramm in The Wall Street Journal, Dodd-Frank’s Nasty Double Whammy: Over the years the Federal Trade Commission and the courts defined what constituted “unfair and deceptive” financial practices. Dodd-Frank added the word “abusive” without defining it. The result:…

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Financial Myths

from Forbes Five Years Of Dodd-Frank: ‘Too Big To Fail’ Still Unresolved by Norbert Michel excerpt: The notion that these transactions took place in some shadowy, hidden room of finance, where regulators had no clue what was going on, is…

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Dumb Regulation isn’t the same as Deregulation

from Jeb Hensarling at The Wall Street Journal, After Five Years, Dodd-Frank Is a Failure: Dodd-Frank was based on the premise that the financial crisis was the result of deregulation. Yet George Mason University’s Mercatus Center reports that regulatory restrictions on financial…

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Kovacevich on the Financial Crisis

Richard Kovacevich writes for Cato,  The Financial Crisis: Why The Conventional Wisdom is Wrong PDF file

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Discretionary Failure

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was enacted to prevent another financial crisis, but it misdiagnosed the crisis and enacted the wrong remedies.  People are now waking up to the fact that the bill does…

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Fiscal Failure

In the July 27, 2012 Wall Street Journal the editors write The 1.5% Presidency Excerpt: The tragedy of the Obama Presidency is that it ignored the supply side: the producers, the risk-takers, the salary earners who put in 50 and…

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A Bad Diagnosis

The extra power given to the federal government through bypassing proven bankruptcy rules looms as the biggest challenge to meaningful reform.  Experience shows that such power increases, not decreases, the likelihood of another crisis.  You do not prevent bailouts by…

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Investors Are Not Stupid

The editors of the Wall Street Journal write An Economy Built to Stall-  With a third slowdown in three years, maybe the problem is the policies. 6/12/2012 Excerpt: Maybe Milton Friedman was right that “temporary, targeted” tax cuts don’t change…

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Dodd Frank Dummies

One of the rules of the Dodd Frank Financial Reform bill was the cutting of the bank fees charged for debit cards.  I have read much about the financial collapse of 2008 and I do not recall any analyst who…

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I Would Prefer to Pay More Taxes

In 2008 General Steel, Inc, the company I run, had a good year. We generated record sales, profits and taxes. In 2009 volume fell sharply as a result of the credit collapse,  the collapse of the prices of the commodities…

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No Good Solution Will Come from a Bad Diagnosis

From  Dodd-Frank: Wrong, Wrong, Wrong by Contrad Black in the National Review online version 8/11/11 The two most offensive aspects of Dodd-Frank are that it is part of the concerted bipartisan effort of the entire political class to pretend that…

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A Blessing in Disguise

Economist John Taylor writes an excellent article : The End of the Growth Consensus in the Wall Street Journal (7/21/11). Excerpts: Economic policy in the ’80s and ’90s was decidedly noninterventionist, especially in comparison with the damaging wage and price controls…

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