The government filled a cookie jar, watched as the jar was emptied and then had to bring the fattened raiders back to health. Who was most at fault, those who provided the cookies or those who ate them?
I've never been able to square bankers' constant demands for less regulation with their repeated requests for more government backing on loans, deposits and insurance.
The best way to stave off regulatory excess in the wake of a financial crisis is to stop causing crises in the first place. More restraint on financial institutions' part could help.
To ensure covenants are satisfied, loan syndicates obtain private information that would give an equity market maker an advantage. Reinstating Glass-Steagall may be the only way to prevent reuse of such information.
We need pro-growth reforms that fix the numerous tax, expenditure and regulatory policies that undermine individual incentives, both within and outside our social welfare systems.
Lurking below the surface of the principal reduction debate is an ugly and messy public policy problem - namely what to do about the group of delinquent and underwater borrowers who were not truthful.
Louisiana has filed a RICO complaint against MERS and a host of megabanks, Bank of America included. Down the line, consumer advocates hope hard-nosed prosecutors can provide what Occupy may not be able to: justice for homeowners.
Bankers received an earful about pay from the public this year. But among the audience that matters most-their own shareholders-the feedback was overwhelmingly positive.
Small businesses should not have to resort to credit cards or friends and family as a sole source of funding. Here are a few ideas to help close the gap between credit demand and supply.
