• Heritage Action
  • Heritage Libertad
  • More
  • 1-5 of 5
  • Issue Brief posted December 10, 2012 by David C. John TAG: Phase Out Unlimited Bank Deposit Guarantees

    In 2008, in the midst of a financial crisis, federal regulators extended bank deposit guarantees beyond the statutory $250,000 limit to cover all “transaction,” or checking, deposits. Later codified by Congress, the Transaction Account Guarantee (TAG) program is due to expire on December 31, 2012. Congress is considering a two-year extension. It should not do so. TAG…

  • Issue Brief posted April 26, 2012 by David C. John Volcker Rule May Make the Financial and Banking System Riskier

    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 types of businesses both here in the U.S. and overseas. Even…

  • WebMemo posted April 26, 2010 by David C. John Dodd Bill Fails to Fix “Too Big to Fail”

    Supporters of the Dodd financial regulatory bill list as one of its key virtues that it “solves” the problem of financial institutions that are seen as being “too big to fail.” Unfortunately, this is not the case. While the bill passed by the Senate Banking Committee includes a faulty mechanism for closing financial institutions whose failure could damage the entire…

  • WebMemo posted April 22, 2010 by James L. Gattuso Senator Dodd’s Regulation Plan: 14 Fatal Flaws

    The Senate is expected to take up a proposal, originally authored by Senator Chris Dodd (D–CT), to reform the financial regulatory system in the U.S. The goal is clear: to minimize the chances that another financial crisis—and bailouts—will arise again. The objective is a good one. Unfortunately, the 1,408-page bill includes numerous provisions that would hurt—not…

  • WebMemo posted March 23, 2010 by David C. John Dodd Financial Regulation Bill: Super Regulators Not the Answer

    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 accounting practices, and outright greed. But the reason for this rhetoric…

  • 1-5 of 5