Democrats Double Down on Failed Financial Services Policy
Politics

Democrats Double Down on Failed Financial Services Policy

The Democratic Party’s platform draft for Financial Services states that “[t]o restore economic fairness, Democrats will fight against the greed and recklessness of Wall Street.” Despite these goals, the proscribed policies in the Democrat’s platform will have unintended consequences that will harm consumers, and make the biggest banks bigger and smaller banks disappear. In short, … Continue reading

House GOP’s Dodd-Frank Fix: A Market-Based Solution
Politics / Regulation

House GOP’s Dodd-Frank Fix: A Market-Based Solution

When Wisconsin Congressman Paul Ryan started as Speaker of the House last October, he promised to outline a Republican vision on policies for the 2016 election. Last week, chairman of the House Financial Services Committee, Rep. Jeb Hensarling (R-TX), began that process by outlining a bill designed to replace the 2010 Dodd-Frank Wall Street Reform … Continue reading

How Small Programs Hidden in Dodd Frank are Costing Americans Big Money
CFPB / Regulation

How Small Programs Hidden in Dodd Frank are Costing Americans Big Money

More than five years following the passage of The Dodd-Frank Wall Street Reform and Protection Act (Dodd-Frank), the question of necessity of such an extraordinarily large and overbearing act persists. This enormous document was introduced to address the issues existing in the financial system, specifically to prevent another financial crisis, but it appears to have … Continue reading

Volcker and The Capital Asset Pricing Model: Enforcing Ineffective Regulation Since 2013?
Economy / Fiscal policy / Regulation / U.S. Domestic Policy

Volcker and The Capital Asset Pricing Model: Enforcing Ineffective Regulation Since 2013?

One fundamental principle of financial markets is the relationship between risk and return. This tenet is reflected in the Capital Asset Pricing Model (CAPM), the workhorse of security pricing, where the return required by investors is measured by adding the risk free rate (such as a treasury bond) to a market risk premium, adjusted for … Continue reading

Hidden Costs: Regulatory Impacts on Small Businesses
Economy / Energy / House Committee on the Judiciary / Regulation

Hidden Costs: Regulatory Impacts on Small Businesses

When pitchers and catchers report to spring training sights in Florida and the southwest, it is easy to feel like the sun is just a bit warmer and spring is right around the corner. For millions of small business owners across the United States however, the early months of 2013 have already felt like the … Continue reading

Now Batting for Dodd-Frank: The State Department steps in to help save the Resource Extraction Rule
America / Dpt. of State / Fiscal policy / Regulation

Now Batting for Dodd-Frank: The State Department steps in to help save the Resource Extraction Rule

Late last week a seldom heard voice echoed throughout the regulatory reform debate forum when the U.S. Department of State openly stood behind the controversial Securities and Exchange Commission (SEC) ‘Resource Extraction Rule.’ This rule, developed as part of the continuing cavalcade of Dodd-Frank initiatives, went into effect last August with the goal of requiring … Continue reading

Regulation

A Snapshot of Independent Regulatory Agency Agendas for 2013

With the dust settled and the fallout well underway from early January’s fiscal deal to postpone sequestration, the economy’s market participants must also now turn a wary eye toward the agenda of the nation’s top independent regulatory agencies (IRAs). On January 4th Sam Batkins of the American Action Forum noted that initial estimates of the … Continue reading