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    Writing with Sidewalk Chalk Can Earn You Hard Time?

    Jeff Olson has no criminal record, has hurt no one, and has done no significant damage to anyone’s property. And he nearly ended up in prison. His crime? Writing on the sidewalk—with washable chalk. Olson wrote a series of protest slogans between February and August 2012 on public sidewalks in … More

    Too Big to Fail: Brown–Vitter Swings and Misses

    In an unusual left–right pairing, Senators Sherrod Brown (D–OH) and David Vitter (R–LA) last week introduced legislation to increase capital requirements on large banks. Calling it the “Terminating Bailouts for Taxpayer Fairness” or TBTF Act, the legislation is aimed at ending another TBTF: the doctrine of “too big to fail.” … More

    In the Dodd Bill, "Bank" Could Mean Anyone

    The Dodd financial reform bill is beginning to scare executives. However, it is not necessarily scaring bankers or Wall Street fat cats. It is scaring motor cycle manufacturers, college presidents, retailers, car dealers, and even coffee shop executives. All of these people and more are waking up to the Dodd … More

    Obama On Cutting Red Tape: No We Can't

    For the past week or so, President Obama has been trying to jawbone banks into lending more in order to jump start the economy. He continued the push yesterday, meeting with a group of small community bankers to urge them to open up the spigots. Interestingly, he acknowledged that federal … More

    Feds To Fire Another CEO? FDIC Plans Citi Beheading

    Here we go again. Barely two months after President Obama sacked the CEO of General Motors — and less than a week after the outright nationalization of that firm was announced — the head of yet another U.S. corporation is in Washington’s sights. According to the Wall Street Journal, the … More