Here’s a three-point plan for Obama’s new nominee Mary Jo White.
financial regulation
The Politics of the JPMorgan Mess: A Footnote for Obama and Romney’s Existing Attacks
Forget the particulars of JPMorgan’s $2 billion blunder, if it might have been stopped by a robust Volcker Rule or who would’ve done what differently. Here’s what you need to know about how the incident relates to the …
Huntsman Praises ‘More Sweeping’ Financial Sector Regulation
Jon Huntsman’s op-ed on financial reform in Wednesday’s Wall Street Journal is bookended by some Republican boilerplate on rolling back Democrat’s 2010 overhaul, but there’s some interesting stuff in there. Here’s the crux of his …
Obama’s Tax on the Big Bad Banks
Way back in January of 2010, during his short-lived “fat cat” bashing phase, Obama proposed a tax on the nation’s largest financial institutions with the stated intent of recouping taxpayer losses from the 2008 bank bailouts. Even by that point, the Troubled Asset Relief Program’s price tag was shaping up to be much lower than the …
Tim Geithner Owns the Economy, Too
Treasury Secretary Timothy Geithner, the last remaining principal from President Obama’s original economic team, apparently may step down once the debt ceiling gets sorted out. The obvious point to make about Geithner is that …
Re: How to Make Regulation Work
In his post today, Mike Grunwald bravely admits that “regulation is tricky” and “I’m not entirely sure what I think about these problems.”
Here’s one way to think about: As a general rule, regulations that require large numbers of fallible human government employees to ferret out wrongdoing are destined not to work very well.