Posts Tagged: capitalism

Snip: Our “proposal for tougher financial regulation…sounds interesting and is very much worth reading.” But he does quibble with our “overtoughly tough” words for Frank and Dodd.
Check it out here.

Here is our response to Nicole Gelinas:    

Please check out our column featured today on NRO.

Health Care Bill Passes
Think “medical tourism”!

Samuelson rides his hobby horse but makes good points on Greenspan

Samuelson, like most guys with  big idea, wants to fit everything into it these days. But it is his defenses of Greenspan that are most interesting. We used to be always attacking the fellow back in his maestro days, but [...]

Ok, let’s take the Dodd bill point by point, using the summary written by Dodd’s own committee staff.�
1)Creates “a strong consumer protection watchdog” which though housed in the Fed will be able to “autonomously write rules for consumer protection.”�
Dodd’s justification: “The economic crisis was driven by an across-the-board failure to protect consumers”�
Our Take: Imprudent “pro-consumer” [...]

Forget how sleazy this is. How stupid is it than someone with this kind of access is BUYING AIG in January 2008. Just goes to show how hopeless any regulatory solution is. This woman, along with Dodd himself, has privileged access to the best information available to the government. She is chief counsel to the [...]

We think Geithner et al are wrong and that unemployment will decline substantially this year. Both theory and experience argue business investment not consumer spending is the essential driver of recovery. Now that most businesses of significant size can borrow again investments that have been postponed for almost two years now have to come soon.
 If [...]

Sorkin has the politics of this exactly right

Arguing over the street address of the consumer financial protection  agency makes the GOP look dumb and on the take. (Sort of like real life.) There are really principled and therefor persuasive arguments against a consumer agency, like “consumer protection” in the form of forcing banks to make [...]

The whitewash of Fannie Mae and Freddie Mac has to be numbered among the most successful spin operations of our time. Within days of the market collapse in September ‘08, both Senator Dodd and Representative Frank were marching stooges up to Capitol Hill to testify that Fannie and Freddie—virtually run by the congressional committees chaired [...]

Andrew Redleaf and Richard Vigilante column that appeared on RealClearMarkets.