Posts filed under “Regulation”
Here is a question that I have been wrestling with:
What exactly did the repeal of the Glass-Steagall Act accomplish?
Were there positives as well as negatives?
Should the Gramm-Leach-Bliley Act be repealed, and Glass-Steagall reinstated?
What say ye?
“In hindsight, it was spot on.” -Jeffrey Brown, former top official at the Office of Comptroller of the Currency, one of the first agencies to raise concerns about risky lending. > A brutally damning article about the warnings the Bush administration received and ignored was published this morning by the Associated Press. The AP summed…Read More
The Obama team is keeping its cards close to the vest. That’s probably a good way to manage expectations, good politics and it may even be good policy. Until the new team can get in place, there doesn’t seem much point in sending signals or taking responsibility for actions they cannot control. More to the…Read More
What does the future hold for regulating Wall Street? Regardless of who wins today’s election, both Barack Obama and John McCain have staked out different positions on issues involving economic regulation – and each is very different than the outgoing president. The Economists’ Voice looks at what we might expect in the post-Bush era: While …Read More
I hate politics. I cannot stand the maneuvering to avoid discussing issues, and instead focus on name calling. The latest idiocy is the entire Socialist meme, which, having seen the banking industry nationalized, is a bizarre charge to make these days. It is especially odd, given the nature of wealth distribution in a capitalist system…Read More