As wards of the government, Fannie and Freddie became even more dominant in the mortgage market than they had been before. Almost everybody agrees that they should neither stay in government conservatorship nor return to their former GSE status. But how do we get off the tiger?
The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry — including experts in banking, insurance, and securities — who meet regularly to study and critique regulatory policies affecting this sector of the economy.
As Dodd-Frank nears full implementation, these findings raise important questions of how the Act’s unintended consequences can be mitigated, along with broader questions about the competitive advantages the Act provides for the largest financial institutions it was designed to rein in.
Jim Carr's response to Peter Wallison's recent testimony before the Senate Committee on Banking, Housing, & Urban Affairs contains a major misconception about the financial crisis that is at the bottom of the left's mistaken view of the 2008 financial crisis.
In his testimony before the Senate Committee on Banking, Housing, & Urban affairs, on March 19, 2013 Peter Wallison outlined the four major provisions for housing finance reform proposed by AEI's financial services team.
"Too big to jail!" has almost overnight become the battle cry of proponents of breaking up the big banks. Unfortunately, like most of the chatter in this area, it is ill-informed, ideologically motivated, and lacks common sense.