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    If Heavy Regulation Is So Awesome...

    … then why are so many lightly regulated jurisdictions largely avoiding the current financial crisis? Tyler Cowen notes: A Friday article says this: The worldwide financial crisis is proving a lot more damaging than was expected. Not in Cayman, yet, but we had better get ready for it to affect … More

    Nice Little Hedge Fund You Have There...

    …it would be a shame if something should happen to it. Gangsters threatening those who fail to knuckle under are rarely so unsubtle as Friday’s letters to two hedge funds from the Chairs of the House Financial Services Committee and its subcommittees. Based on an article in the New York … More

    It's Show Trial Season Again

    All this month Congress has been holding hearings supposedly looking into the causes of the financial crisis. As Heritage fellow Brian Walsh explains, the hearings have been less about identifying causes, and more about finding villians: As in past economic crises, some criminal conduct associated with the subprime market has … More

    Only Independent Commission Can Investigate Financial Mess

    If our country is going learn anything from the financial meltdown, there’s only one way to do it. Heritage’s Dave Mason says the Bush administration should appoint an independent commission to aid Congress before it rushes to legislate. Lawmakers simply can’t be trusted. [youtube]http://www.youtube.com/watch?v=n0PQ_9lpBwU[/youtube]

    Minimizing the Damage

    Under normal circumstances, the very concept of direct government purchase of bank stock of any type would be unthinkable and unacceptable. But it seems that to large extent the hand of U.S. policymakers was forced by overseas governments that provided similar capital programs to their banks. If the U.S. government … More

    Morning Bell: Deregulation Didn't Do It

    Listening to politicians on the left speak about the current financial turmoil, one gets the impression that when President Bush took office in 2001 there was a perfect financial regulatory system in place. Only since then, they claim, has it been systemically destroyed by the Bush administration. Speaker Nancy Pelosi … More

    Paul Krugman 'Egregiously Wrong' on Fannie and Freddie

    Nobel Laureate Paul Krugman did some fine work on international trade theory 20 years ago. When he writes about economic policy today, however, he often just gets his facts dead wrong. This past summer Krugman devoted an op-ed to exonerating Fannie Mae and Freddie Mac from their key role in … More

    Fannie, Freddie, and The Center for American Progress

    Desperate to defend the incoming corporate-socialist order, the Center for American Progress again defended Fannie Mae and Freddie Mac after Wednesday’s presidential debate. CAP’s Wonkroom notes that John McCain accused Fannie and Freddie of causing the current financial crisis and then offers the following refutation: As McClatchy reported this week … More

    How Government Intervention Caused the Credit Crisis

    Fantastic clear explanation of how federal government intervention with the market directly caused today’s financial turmoil by Peter Schiff in today’s Washington Post: Just as prices in a free market are set by supply and demand, financial and real estate markets are governed by the opposing tension between greed and … More

    What Unregulated Capitalism?

    Liberals are so ecstatic over the recent financial crisis that they have lost all contact with reality. Witness Harold Meyerson in The Washington Post: In 1949, a number of famous writers, among them Arthur Koestler, André Gide, Richard Wright, Stephen Spender and Ignazio Silone, wrote essays explaining why they were … More