While Congress is battling over repeal of Obamacare, President Donald Trump is setting a course to repeal a regulation that the Obama administration pushed through last year and which has become known as “Obamacare for your IRA and 401(k).” Like…
Now that he has been confirmed, Treasury Secretary Steven Mnuchin has a lot on his plate. He needs to do what he can administratively to reduce the crushing burden of the Dodd-Frank Act on small banks and credit unions. He also needs to…
“And cut!” Politicians and the establishment media are weaving an epic tale of the events that froze the markets five years ago this month and led to massive bailouts of the biggest financial firms. Yet, their retelling of the financial…
In mid-April, before scandals of mass surveillance and political targeting burst on the scene, Bloomberg News published a story headlined, “U.S. Amasses Data on 10 Million Consumers,” which told of a government entity “gearing up to monitor how millions of…
Why not Moody’s? Why not Fitch? Of all the questions raised by the U.S. government’s strange case against Standard & Poor’s — a lawsuit that actually asserts that some of the nation’s largest banks were S&P’s “victims,” and that the…
Once again, the team of politicians and corporate bureaucrats pursuing the witchhunt against former American International Group CEO Maurice “Hank” Greenberg have struck out. Or maybe the better baseball analogy would be that they hit another ball into foul territory. Greenberg, who built AIG into…
My organization, the Competitive Enterprise Institute, has frequently been accused of being “in denial” regarding important issues. It’s a charge we most often wear as a badge of honor, because most often, our accusers are too quick to jettison important…
Given the Obama administration’s rapid takeovers of General Motors and Chrysler, it shouldn’t come as much of a surprise to conservatives that, in the name of “financial reform,” President Obama is arguing that government should get vast new powers to…
It was the biggest bankruptcy of an American automaker, as well as one of the biggest bankruptcies in U.S. history. Yet the stock market barely moved when Chrysler’s expected bankruptcy was announced early last Thursday morning and moved significantly upward…
On the surface, given the economic turmoil we’ve had, there was nothing that remarkable about the bankruptcy of shopping mall owner General Growth Properties (GGP). About two weeks ago, GGP filed for Chapter 11 bankruptcy, an action that some had…
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