The Financial Crisis: Causes, Recollections and the Aftermath
The Financial Crisis of 2007-2009, and the aftermath, is the defining moment of my career in banking. Having served in government for 17 years, 10 of those in the bank regulatory arena, …
Financial Services Committee to Tackle Dodd-Frank
Dallas, TX Because the Dodd-Frank Act is harming the economy and consumers, the House Financial Services Committee plans to offer a pro-growth, pro-consumer replacement, previewed by Chairman Jeb Hensarling at …
Trump’s Dodd-Frank Plan Will Be Early Test of Republican Unity
Bloomberg: House Financial Services Chairman Jeb Hensarling’s statements on a Dodd-Frank replacement at the NCPA’s Financial Crisis Summit are highlighted in this article from Bloomberg.
Republicans to Unveil Alternative Legislation to Repeal and Replace Dodd-Frank Act
Washington Free Beacon: House Financial Services Committee Chairman Jeb Hensarling’s remarks unveiling alternative legislation to repeal and replace the Dodd-Frank Act made at the NCPA Financial Crisis Summit in D.C. on May 12th are the topic of this article at The Washington Free Beacon.
Causes of the 2008 Financial Crisis
Experts point to a variety of issues that likely caused the 2008 financial crisis, such as modern banking practices, unethical behavior or government policy. The available evidence suggests, however, that a convoluted interaction …
The Federal Reserve and Sound Money
We are living in a time of monetary chaos. The U.S. Federal Reserve has manipulated key interest rates down to practically zero for the last six years, and expanded the money supply …
The Role of Derivatives in the Financial Crisis
What role did derivatives play in triggering the 2008 financial crisis? Specifically, what part did credit default swaps (CDSs) play in spreading risk to the rest of the financial system and causing …
“Too Big to Fail” Policy Failing Small Banks: NCPA
NCPA: The “too big to fail” doctrine that resulted from the 2008 Financial Crisis is dampening competition and hurting small banks, according to a new study from the National Center for Policy Analysis by economist John Berlau.
Banks That Are “Too Big to Fail” Need Competition
The federal government’s response to the 2008 Financial Crisis resulted in an unofficial “too big to fail” doctrine. Large financial institutions received generous bailouts in the wake of the crisis, whereas other industries …
U.S. Policies Exporting Inflation
NCPA: The Federal Reserve’s adoption of an expansionary monetary policy following the 2008 recession ignored inflationary warning signs on the dollar standard’s periphery, destabilizing both the U.S. and global economies, according to a new report by National Center for Policy Analysis Research Associate Hector Colon.
Exporting U.S. Inflation
In late 2008, in order to boost the American economy and help mitigate the effects of the Great Recession, the Federal Reserve adopted an expansionary monetary policy, enlarging its balance sheet. The …
Is the Dodd-Frank Act Responsible for the Economy’s Slow Recovery from the Financial Crisis and the Ensuing Recession?
Abstract Since the financial crisis of 2008 and the ensuing recession, the U.S. economy has experienced a historically slow recovery. This paper argues that the reason for the slow recovery …
What do conflict minerals have to do with financial reform?
NCPA: A small statute in the Dodd-Frank Wall Street Reform and Protection Act is wreaking havoc in the Congo, according to a new report by National Center for Policy Analysis Senior Fellow David Grantham.
Dodd-Frank in the Congo
The consequences of the Dodd-Frank Wall Street Reform and Protection Act can be felt as far away as the Congo. Buried deep within the massive regulatory package is a conflict minerals statute …
To Raise Interest Rates, or To Not Raise Rates: That Isn’t the Question
NCPA: By dragging out their decision over whether or not to raise interest rates, the Federal Reserve is fostering economic uncertainty that puts the markets at risk, warns NCPA Senior Fellow David Ranson in a special report.
The Fed Is Holding Rates Down for All the Wrong Reasons
In September and October, under intense public scrutiny, the Fed passed up another opportunity to raise short-term interest rates. So the guessing game shifted six weeks forward to the next meeting of …
Dallas City Cable TV Goes HD
NBC 5 News: Dallas City Cable TV has switched over to HD, and now levies a 1% tax on FIOS and U-Verse customers, which “falls disproportionately on households with the lower income,” says NCPA Senior Fellow Pamela Villarreal in an NBC 5 News interview.
Federal Interest Rate Hike
CNBC and CNBC Asia:NCPA Distinguished Fellow and former president of the Dallas Fed Bob McTeer discusses the unchanged federal interest rates and future implications of current Fed policies in interviews with CNBC and CNBC Asia.
Who Benefits from Mortgage Deductions?
The Tax Reform Act of 1986 ended personal deductions for interest on credit card debt and other types of loans, but continued the home mortgage interest deduction, a popular tax expenditure. Supporters …
Markets, Not Janet Yellen, Should Set Interest Rates
Federal Reserve Chair Janet Yellen delivered her semiannual monetary policy report to Congress on July 15, 2015. Speaking before the House Committee on Financial Services in Washington, D.C., Yellen said that trends …
A Chronology of the Financial Crisis
Most Americans did not recognize that the United States had a financial problem until 2007. When people recognized the problem, it was seen as a subprime mortgage issue. In fact, on January 4, 2008, the American Dialect Society voted “subprime” as the word of the year for 2007. Evidence of the impending crisis, however, emerged years earlier.
NCPA Forms Economic Taskforce to Analyze 2008 Crash
NCPA: The National Center for Policy Analysis (NCPA) today launched the Financial Crisis Initiative, a coalition of top economic experts who will research and report on the causes and effects of the 2008 financial crisis and recommend solutions for the future.