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  • Wall Street Bailout

    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 approach to financial regulatory reform. Beginning with the rescue of investment bank Bear Stearns in the spring of 2008, the Federal government has committed trillions … More

    VIDEO: A Wall Street Bailout Bill

    This week, efforts are underway to begin considering a bill sponsored by Senator Chris Dodd (D-CT) which he and the President have claimed would bring real financial reform to Wall Street. As our latest video explains, in its current form, it can better be described as a Wall Street Bailout … More

    In The Green Room: Senator Jim DeMint (R-SC) on Financial Reform

    Yesterday, Senator Jim DeMint (R-SC) sat down with us for a quick interview before sitting on a panel with Congressman Tom Price (R-GA) and our own Bill Beach for an event titled, “Is America Sinking into the Dependency Abyss?“. He talked with us about the growth of entitlements and the … More

    Morning Bell: The Wall Street Bailout Bill Threat to Your Bottom Line

    This past Friday, President Barack Obama again threatened to veto any financial reform bill that fails to tightly regulate financial derivative products which many blame for the 2008 economic crisis. Derivatives work like insurance to protect certain investments, and provide stability to the price of most goods and services. For … 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, we must all fight loopholes that would weaken it and push to make sure the government has real authority to help end the problem of … 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 Street are recovering, but where Americans still don’t have jobs. Quoth Geithner: “It’s not fair, it’s deeply unfair, and [Americans] should be angry about it.” … More

    Double Secret Probation

    The Obama Administration promised unprecedented transparency in its financial recovery efforts, including a gee-whiz $18 million web site, Recovery.gov. The problem is that the Administration seems addicted to secret back-channel orders to the private sector to obey, “or else”. Yesterday’s Wall Street Journal reports on a secret “memorandum of understanding” … More

    Chrysler: Pay Back the Money!

    The Obama Administration appears about to walk away from $7.5 billion in taxpayer money used to prop up Chrysler. This little information nugget was buried in Chrysler’s filing before the bankruptcy judge last week and confirmed by Administration sources. So much for responsible government and transparency! The Bush Administration pumped … More

    The Havoc Our Government Wreaks

    Commenting on the White House’s Chicago-style negotiations with Chrysler’s creditors, The Atlantic‘s Megan McArdle writes: [W]hen did it become the government’s job to intervene in the bankruptcy process to move junior creditors who belong to favored political constituencies to the front of the line? … these people lent money under … More

    Meddling with Unacceptable Speculators

    “I want to disabuse people of this notion that somehow we enjoy, you know, meddling in the private sector.” – President Barack Obama, April 29, 2009 “After consulting with my auto task force, industry experts, and financial advisors, I decided to give Chrysler and Fiat 30 days to reach an … More