Search Results for ‘glass-steagall’

GOP platform calls for return of Glass-Steagall

Bernie Sanders rants and raves about the supposed need to go back to Glass-Steagall, the law that used to separate investment from commercial banking, and Sen. Elizabeth Warren agrees with him. And now so does… the Republican platform. [Bloomberg, WSJ, The Street (“Republican Finance Platform Designed To Pick Off Sanders Voters from Clinton”)] Do they realize that, according to many economists and financial experts on the left as well as most of the free-market types, the absence of the law had basically nothing to do with the bubble and crash of 2008? That crash arose from other financial misadventures, notably in the mortgage area. More: Iain Murray, Mark Calabria/Cato in 2012.

Banking and finance roundup

Banking and finance roundup

New Hampshire decides: Senator Venezuela vs. Citizen Vuvuzela

Our coverage of Sen. Bernie Sanders (I-Vt.), winner of the Democratic primary in New Hampshire, is here, including gun liability (more), Citizens United, Glass-Steagall, and Supreme Court issues.

Our coverage of businessman Donald Trump, winner of the Republican primary, is here, and includes coverage over many years of his activities as a litigant as well as his political career.

Banking and finance roundup

  • Bernie Sanders still rants and raves about Glass-Steagall Act. Who will break the news to him? [Catherine Rampell/WaPo, P.M. Carpenter (Krugman, Pearlstein in accord with Rampell), earlier] “Hillary Clinton vows to go ‘well beyond’ Dodd-Frank” [Housing Wire via Kevin Funnell]
  • “In the past, ‘financial institutions were unwilling, for relationship reasons, to litigate against each other…That has changed dramatically.'” [Daniel Fisher quoting New York attorney Brian Fraser]
  • “Government Thinks You’re Too Dumb To Try Crowdfunding” [Ben Weingarten, The Federalist]
  • “If every bank behaved like Abacus, the financial crisis wouldn’t have occurred.” So guess which bank got prosecuted [Jiayang Fan, The New Yorker back in October]
  • Billions in free money for consumers, just by regulating credit card fees! Sorry, it’s not that simple [Todd Zywicki]
  • “The war against cash”: government vs. the cash economy [Daniel Mitchell, Cato, first and second post]
  • New IRS authority to secure revocation of passports should give pause to everyone concerned about American liberty [Investors Business Daily]

Banking and finance roundup

  • After bank burglarizes Ohio woman, law will give her curiously little satisfaction [Popehat]
  • North Las Vegas scheme to seize underwater mortgages through eminent domain raises constitutional opposition [Kevin Funnell]
  • “The SAC Insider Trading Indictment” [Bainbridge, WSJ MoneyBeat]
  • “He who sells what isn’t his’n/Must buy it back or go to prison.” Most naked short selling driven by fundamentals, study says [Daniel Fisher]
  • NY AG Schneiderman to Thomson Reuters: don’t you dare sell early access to the market-moving survey you pay for [Bainbridge]
  • “The Confidential Witness Problem in Securities Litigation” [Kevin LaCroix]
  • “The puzzling return of Glass-Steagall” [Tabarrok]
  • “FATCA: How to Lose Friends, Citizens and Influence” [Colleen Graffy, WSJ via Paul Caron/TaxProf, earlier]