John Berlau

John Berlau is Senior Fellow for Finance and Access to Capital at the Competitive Enterprise Institute and blogs at OpenMarket.org. E-mail him at jberlau@cei.org.

Who Died and Made Dodd-Frank Regulators Gods?

 

Meet the new deities. They apparently sit on the Financial Stability Oversight Council and other regulatory agencies, especially those created by the Dodd-Frank banking “reform” act. Obama administration officials and Dodd-Frank cheerleaders have been simply apoplectic in their reactions to U.S. District Judge Rosemary Collyer’s carefully reasoned March 30 decision reversing FSOC’s designation of the […]

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UK Brewery Success Shows Lost Freedom in U.S. — A State of the Union Preview

 

On Tuesday evening, President Obama will give his final State of the Union address. In evaluating the state of the U.S., it’s useful to look at the state of economic freedom, including the ability for ordinary Americans to start and invest in a new business without undue government interference. By several measures, economic freedom has […]

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Will DOL’s ‘Fiduciary Rule’ Silence Dave Ramsey?

 

It is indeed sad that 40 percent of millennials favor the government banning speech that some deem offensive, according to a recent Pew poll. Even more distressing is that college students have plenty of company with members of other age groups and professions who want to shut down speech they disagree with. Take speech about […]

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CEI’s Coalition Letter to Prevent New Bailouts of Fannie and Freddie

 

As the Dodd-Frank “financial reform” celebrated its fifth anniversary this summer, just about every financial business—as well as many nonfinancial firms—have come under its thumb. This is true whether or not these companies had anything to do with the financial crisis. Community banks and credit unions that had nothing to do with the subprime mortgage […]

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Savers Oppose ‘Fiduciary Rule’ Obama Labor Department Claims Will ‘Protect’ Them

 

“A fundamental shift in Wall Street culture” is what the Department of Labor is aiming for with the “fiduciary rule.” That’s what DOL Deputy Assistant Secretary Tim Hauser said in an interview with FinancialPlanning.com during recent hearings on the proposed regulation that has been called “Obamacare for Your IRA.” But the vast majority of comments […]

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‘Too Big Too Fail’ Needs Competition

 

Progressives cheered Hillary Clinton last week when she said policy makers need to “go beyond Dodd-Frank.” She didn’t rule out repeal of some sections, but most took it to mean preserve virtually all of the law—which turns five on July 21—plus expand government intervention further into banking. But that praise was short-lived when Clinton’s economic […]

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Celebrating George Washington’s Entrepreneurship

 

This month, America celebrates the birthday of one of the country’s earliest business innovators and large-scale entrepreneurs. During a time period of America’s existence as a British colony and then a young nation—when communication and transportation faced challenges, to put it mildly—this businessman built an enterprise with international reach. He opened a mill that ground […]

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Main Street Challenges Dodd-Frank’s Chipping Away at the Constitution

 

“Wall Street Chips Away at Dodd-Frank,” blared a recent front-page headline in the New York Times about bipartisan measures that have passed the U.S. House of Representatives and/or been signed into law that ever-so-slightly lighten the burden of the so-called financial reform rammed through Congress in 2010. “GOP Pushes More Perks For Wall Street…” reads […]

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A Slippery Slope Toward Freedom

 

The groundbreaking decision Monday in Burwell v. Hobby Lobby Stores, in which the Supreme Court ruled 5-4 that Obamacare’s contraception mandate violates the religious freedom of two closely held corporations, will be dissected heavily for days, and studied for weeks, years, and decades. For consistent civil libertarians, one of the most remarkable — and favorable […]

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Meet Feddie Mic

 

A corollary to Shakespeare’s Romeo and Juliet adage, “A rose by any other name would smell as sweet,” is that “garbage by any other name would smell as awful.” The latter seems apropos to the “reform” of the government-sponsored housing enterprises Fannie Mae and Freddie Mac introduced by the Senators Tim Johnson (D-S.D.), and Mike […]

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