The Many Problems With Financial Reform

By: Nick Ottens (Diary)  |  March 31st at 03:33 PM  | 

Former Federal Reserve Chairman Alan Greenspan warned in the Financial Times of the hugely market distorting effects of the Dodd-Frank financial bill this week. A day later, the chairman of the Congressional Budget Office testified before the House financial oversight committee about the fiscal impact of the reform act that was hammered out by lawmakers this summer. Dodd-Frank, for starters, creates many new federal bureaucracies, | Read More »

Democrats Blame Deregulation For Crisis

By: Nick Ottens (Diary)  |  January 28th at 07:14 AM  | 

The Financial Crisis Inquiry Commission (FCIC) that was established in the spring of 2009 to explore the causes of the previous year’s financial meltdown, released its findings today. What was to blame for the crisis, they say? Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting | Read More »