Financial Institutions

The Promise and Limits of Postal Banking

10/29/15

It’s easy for Progressives to get excited about the idea of postal banking: a public option for banking! What’s not to love?

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Glass-Steagal: It's the Politics, Stupid!

10/14/15

It was like eight nights of Chanukkah in one for me watching the Democratic debate last night. There was a Glass-Steagal lovefest going on. But here's the thing:  no one seems to get why Glass-Steagal was important or the connection between Glass-Steagal and the financial crisis.

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Covenant Banking

10/14/15

A new book out by University of Minnesota Law Professors Claire Hill and Richard Painter proposes a really intriguing proposal for disciplining wayward financial services firms: "covenant banking." The problem, as Hill and Painter observe, is that when things go badly at a financial institution, the

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Interchange Evidence?

09/28/15

Both sides in the interchange fee debate have pointed to a recent Richmond Fed study as evidence supporting their position (here and here).

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Pie and Mash

07/28/15

Or a bit of this this and that.

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Dodd-Frank's Constitutionality

07/22/15

I'm testifying tomorrow before Senate Judiciary Committee's Subcommittee on The Constitution (yes, that's the official capitalization), about the constitutionality of the Dodd-Frank Act.  

Short version: nothing to see here folks.

Slightly longer version: really nothing to see here.

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More on AIG: Between Hysteria and Complacency

06/16/15

I agree with Adam about all that post-Starr hyperventilation. No, it does not mean that bailouts are over, that the Fed has been slapped down, or any of that lurid stuff.

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Mixed Messages Regarding OLA

05/08/15

Over at Dealb%k I talk about the confusing state of affairs regarding Dodd-Frank Orderly Liquidation Authority and the FDIC's new "single point of entry" (SPOE) approach to OLA.

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Lessons For Consumer Protection From The World Of Inclusive Capitalism

04/16/15

Lately I have been teaching courses with names such as "Global and Economic Justice" and "History, Impacts and Regulation of Consumer Credit" instead of "Bankruptcy," "Secured Transactions" and "Chapter 11 Reorganizations." So I have been reading different books and listening to different speakers.

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