Backdoor Bailouts Begin
The Treasury Department’s release of $100 million from the Hardest Hit Fund last week amounts to a federal bailout of five Michigan cities without congressional… Read More
Fed Reports on Bailouts and Moral Hazard
Back in 2010, The Heritage Foundation’s Index of Economic Freedom first reported the shocking erosion of America’s long-cherished economic freedom. The interventionist policies put in… Read More
Geithner Draws Wrong Dodd-Frank Lessons and Forgets Fannie Mae
There were plenty of lessons to learn after the financial crisis of 2008. Unfortunately, neither Congress nor the Obama Administration was willing to take the… Read More
Report Alleges White House Hypocrisy on Executive Compensation
House investigators are alleging a White House double standard in its rhetoric toward executive compensation for large financial institutions. The allegations appear in a report… Read More
Guest Blog: Rep. Ed Royce on the Small Business Lending Fund
The Small Business Lending Fund was cleverly named by its authors last Congress. Since its implementation, however, it would appear a more appropriate name would… Read More
Morning Bell: When Will Our Progressive Corporatism Nightmare End?
$154 billion. That is the amount of taxpayer money that will be needed to bail out Fannie Mae and Freddie Mac according to a new… Read More
“When Liberalism Doesn’t Work It Discredits Liberalism”
This past Friday the Associated Press reported: Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen… Read More
Why Obamanomics Has Failed – Annotated
Carnegie Mellon University economics professor and American Enterprise Institute visiting scholar Allan Meltzer has a must read op-ed in today’s Wall Street Journal titled: Why… Read More
An Iceberg of Financial Reform, but What Lies Beneath?
A whopping 62 percent of Americans now say the United States is on the wrong track, yet President Barack Obama and liberals in Congress continue… Read More
Morning Bell: An Offer BP Couldn’t Refuse
On October 13, 2008, Treasury Secretary Henry Paulson summoned the CEOs of the nation’s largest banks into a gilded conference room at the Treasury Department… Read More
Should Pay Be Political?
Bloomberg news has an article on Wall Street pay revealing that the CEOs of many large banks have taken big pay cuts in the past… Read More
A Snake Oil Sales Pitch for President Obama’s Bank Tax
It must not be easy being Treasury Secretary Timothy Geithner, these days. His latest task is to sell a skeptical Congress on the Obama Administration’s… Read More
New Bill Would Make Long-Overdue Changes to Tax Code
With all the damaging bills coming out of Congress today, and promises of more to come, it is easy to lose sight of necessary positive… Read More
VIDEO: GM Repaid Taxpayers with Tax Dollars
You probably have seen that new General Motors ad were CEO Ed Whitacre claims his company has repaid their taxpayer bailout “in full, with interest,… Read More
Guest Blogger: Rep. Ed Royce (R-CA) on Financial Regulatory Reform
As the Senate moves closer to another cloture vote on Senator Dodd’s legislation, we are again reminded of the several flaws found in the Dodd-Frank… Read More
How To Create Bailouts Forever
Treasury Secretary Timothy Geithner stumps for Sen. Chris Dodd’s (D-CT) finance reform bill in today’s Washington Post: As the Senate bill moves to the floor,… Read More
There Is Nothing Fair About Obama’s Wall Street Bailout Tax
Treasury Secretary Timothy Geithner appeared in an interview on The Today Show this morning and decried the “unfairness” of an economy where businesses on Wall… Read More
Morning Bell: Dodd Bill Creates Permanent TARP and You Can Quote That
In mid-October 2008, at the height of the Presidential campaign, Heritage Foundation analyst Rea Hederman began receiving emails alerting him that he was a star… Read More
Karl Rove: Repealing Obamacare Will Be Easier If Congress Skirts Normal Process
“Deeming” and “reconciliation” are hardly household words, but for the next week Americans will come to know them as key procedural maneuvers that could push… Read More
Senator Dodd and Financial Regulation: New Plan, Old Problems
There’s more going on in Washington this week than health care reform. Giving up on efforts to get a bipartisan deal on financial regulation, Senate… Read More
Morning Bell: Bigger Government Is Not the Solution to Big Government Problems
The final details of the financial regulatory reform bill being negotiated by Sens. Chris Dodd (D-CT) and Bob Corker (R-TN) are still being hammered out,… Read More
Obama’s Bank Tax – The Victim is YOU!
So President Obama wants to slap a tax on banks, but should you really care? Absolutely. Those taxes are going to wind up costing YOU… Read More
In Pictures: Obama’s Bank Tax – Robbing Peter to Pay Paul
In his State of the Union Address, President Barack Obama proposed “a modest fee” on banks that “would pay back the taxpayers who rescued them… Read More
Treasury to TARP Inspector General: Drop Dead
The special inspector general for the TARP program, Neil Barofsky, has made a reputation for himself by issuing tough assessments of the troubled federal program… Read More
The Uncertainty Factor
Liberals are trying to take a big victory lap today over the stimulus. They proudly proclaim that the stimulus created more than two million jobs…. Read More
Severe Weather Warning for Commercial Real Estate: New TARP Not the Answer
The Congressional Oversight Panel (COP), the watchdog board created by Congress to oversee the TARP program, yesterday issued the equivalent of a severe weather warning… Read More
A Pledge Small Businesses Do Not Need
Facing the stark reality of double-digit unemployment and the failure of his first $862 billion economic stimulus, President Barack Obama unveiled his second stimulus plan… Read More
Morning Bell: The President’s Permanent Political Slush Fund
After suffering major electoral and legislative defeats last month, President Barack Obama took to the campaign trail in Nashua, New Hampshire, pitching his administration’s latest new… Read More
TARP Inspector General: Same Road, Faster Car
In an unusually harsh report released yesterday, the government’s Special Inspector General for TARP blasted the bailout program, charging that it has not only failed… Read More
Obama’s Bank Tax: Missing the Target
In his State of the Union address Wednesday night, President Obama repeated his call for a tax on banks, calling it “a modest fee to… Read More
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