By now, it should be clear even to casual observers that the Volcker Rule, which was intended to limit the “risky” activities of banks by banning them from certain types of transactions, will be nearly impossible to implement without severe unintended damage to the U.S. financial system and many other…
An obscure, technical provision in the massive Dodd–Frank financial regulation bill will make it harder for consumers to use debit cards, hurt banks and credit unions, and increase fees that banks change consumers for other bank services. Inserted in the bill at the insistence of Senator Richard Durbin (D–IL), the…
Abstract: Quantitative easing is a largely experimental tool employed by the Federal Reserve to address a continuing sluggish economy and the renewed potential of deflation. That the Fed faces this prospect is final proof positive that President Barack Obama’s Keynesian stimulus policies have failed,…
The 1,334-page financial markets bill now pending in the Senate would implement a vast array of changes in the way banks and other financial institutions are regulated. Issues range from how best to protect consumers to how to liquidate failing firms to what rules to apply to complex financial…
There are many valid reasons to be angry with bankers, and supporters of Senator Chris Dodd's (D-CT) latest rewrite of his financial regulatory bill, the Restoring American Financial Stability Act, have mentioned them all. Americans have heard all about greedy bankers, huge bonuses, shady…
Did Geithner's New York Fed told AIG to limit swaps disclosure …
Rea Hederman of the Heritage Foundation and Jared Bernstein comment on the future of the American economy and the state of the recession. …
David John and Dean Baker offer opposing views on how much the Federal Government should regulate investment banks. …
In this special Heritage podcast, listen to distinguished Stanford economist John Taylor discuss his new book, First...…
The Fed has shocked us once again, and it’s probably right. There’s a firestorm on the horizon. It starts in Europe, but...…
The newly created Consumer Financial Protection Bureau (CFPB) took a step forward today to getting its first director,...…
My recent post explained why President Obama’s newly proposed $447 billion spending package aimed at boosting total...…
This week's Heritage Libertad Radio program - half in English, half in Spanish - covered the recent S & P...…
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Russian...…
It's a continued slow pace of recovery for the U.S. economy, Federal Reserve Chairman Ben Bernanke said in testimony...…
Splitting the difference does not improve bad policy. The final regulations adopted this week by the Federal Reserve...…
Want to know why the economy is still dragging along with stagnant growth and 9.1 percent unemployment? Travel back in...…
The U.S. economy continues to drag, but why's the recovery going so slowly? The 13.9 million unemployed Americans...…