The Dodd-Frank Act is a con
In response to the financial crisis that began on August 9, 2007, the US Congress passed the 2,000+ page Dodd-Frank Act. The... Read More
Nobody ever went to jail for saving the Too Big to Fail banks
Typically, where there is smoke, there is fire. The BBC reported the Bank of England pressured the Too Big to Fail UK banks... Read More
Policymakers’ addiction to bailing out banks
Why do politicians and bank regulators have such a hard time giving up bailing out banks? Fear. Fear of contagion. Fear that allowing... Read More
Financial regulation changed for the worse after the crisis
In his last speech as a Fed Governor, Daniel Tarullo offered his opinion on the regulatory reform efforts he lead. The speech... Read More
Transparency and the Monte Paschi bailout
The bailout of the Italian bank Monte Paschi provides a great illustration of why banks must provide transparency. Driving the need for... Read More
Trump’s Regulation Monitors
One of the Trump Administration’s stated goals is the deconstruction of the administrative state in the US by rolling back existing regulations... Read More
Clearly policymakers learned nothing from the financial crisis
Satyajit Das wrote an interesting column about how rather than dismantling the financial doomsday machine that failed so spectacularly in 2008/2009, policymakers... Read More
Dismantling Dodd-Frank is a necessity
Given the difficulty the Republicans are experiencing in their efforts to repeal and replace ObamaCare, they need a roadmap for dismantling the... Read More
Banker misbehavior becomes cost of doing business
According to the Boston Consulting Group, since 2008, fines for banker misbehavior have cost bank shareholders $312 billion. As a result, As... Read More
Political power and transparency
In politics, true power is shown by the ability to steer the conversation to what you want to talk about and away... Read More
Minneapolis Fed makes case for repealing Dodd-Frank Act
I am sure it was inadvertent, but the Minneapolis Fed made a compelling case for repealing most of the Dodd-Frank Act. Please... Read More
The Minneapolis Plan versus transparency
It was clearly unintentional, but the Minneapolis Fed showed why transparency is the preferred solution for ending Too Big to Fail and... Read More
Donald Trump and the race to the bottom in financial regulation
Since his election as the US president, Donald Trump’s transition team has announced its intention to rollback many elements of the Dodd-Frank... Read More
Donald Trump, the SEC and Transparency
After his election victory, the question is: “Will Donald Trump champion restoring transparency in the global financial system?” In my opinion, the... Read More
Is there anything as misunderstood in Economics as transparency?
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The following is an excerpt from Transparency Games highlighting just how misunderstood transparency is by the Economics profession: Recall that, including myself, there... Read More