Stop Too Big To Fail
"It was not so much deregulation that caused the crisis," Niall Ferguson wrote in his 2009 report "Too Big To Live," "as excessive concentration, combined with regulatory capture or regulatory arbitrage as the big banks schmoozed their supposed supervisors or shopped around for the softest touch."
More than a year after the global financial system stood on the edge [...]
The President Pivots to Jobs and the Deficit
Enough is enough. That is the message the most reliably Democratic state in America sent to President Obama and his Democratic congress Tuesday when its voters chose Republican Scott Brown to represent them in the U.S. Senate. The majority of Americans style themselves as somewhere between centrist and center-right, and were not happy to see centrist [...]
On the PERAB Tax Task Force
The President’s Economic Recovery Advisory Board released the following statement today:
Statement from PERAB Chairman Paul Volcker on Tax Task Force
The tax subcommittee of the PERAB was scheduled to release its report on December 4th. But we have received more than 500 submissions of serious tax reform ideas from the public both in person and on [...]
Wall Street Execs Feeling Burned by Obama (And You Should Too)
Wall St. execs are feeling betrayed, and there’s good reason that they - and the rest of us, should be very concerned about Barack Obama “wild-eyed redistribution of wealth and massive programs”:
In the depths of the financial crisis last year, people like Morgan Stanley’s John Mack, BlackRock’s Larry Fink, Greg Fleming (then of Merrill [...]
Paul Rahe: Obama’s wrecking crew
Hillsdale College Professor Paul Rahe writes to comment on second thoughts among some prominent supporters of Obama:
In Tuesday’s New York Post, Charles Gasparino reports that, although they will not admit anything of the sort in public, people like Morgan Stanley’s John Mack, BlackRock’s Larry Fink, Greg Fleming (once at Merrill Lynch), JP Morgan’s Jamie Dimon, [...]
Streaming at 12:30: PERAB Meeting on Tax Reform
Today, the tax subgroup of the President’s Economic Recovery Advisory Board (PERAB) will hold a meeting to gather ideas on tax reform. It will be the first of several such meetings. The meeting will center on tax simplification and will be live streamed at www.whitehouse.gov/live.
I wanted to take the opportunity to explain why we assembled [...]
