The Legacy of Dodd-Frank: Maintaining “Too Big to Fail” and Destroying Community Banks
In 2010, Congress passed, and President Obama signed into law, a massive 2,300-page banking regulatory bill called the Dodd-Frank Wall Street Reform and Consumer Protection Act. The premise of Dodd-Frank…
A State of the Union address full of stale, terrible ideas and poor leadership
President Barack Obama delivered his sixth State of the Union address to Congress last night, laying out a litany of mostly terrible policy proposals, as well as attempting to…
HSBC and the Era of Too Big to Fail
Advocates of extensive government regulation of private markets often argue that such measures are necessary to prevent large companies from…
AIG: “A Mistake at the beginning”
The media and political furor of the week is the employee bonuses paid by AIG under contracts that existed prior to the government’s effective takeover of the company. And while…