All Posts Tagged With: "Community Reinvestment Act"

Blowing Bubbles: Getting Ready for the Next Bust

Imagine you are a private in the army. Your sergeant orders you to dig a hole. When you finish, the sergeant is horrified to find that you have dug a hole. He dresses you down and then orders you to dig another hole. Insane? Welcome to today’s world of American banking. Over the course of [...]

4Jan2012 | Richard W. Fulmer | 16 comments | Continued

Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse

Thomas Woods’s Meltdown is a marvel of writing and publishing. Having arrived on shelves in February, it offers a complete analysis of the causes of the current recession as well as a critical assessment of the mistakes policymakers have already made, and will likely continue to make, in response to the economic decline. The marvel [...]

23Sep2009 | Steven Horwitz | 15 comments | Continued

Free-Marketeers Should Welcome Regulation?

In a Wall Street Journal op-ed, Paul Singer, chairman of the Manhattan Institute, suggests that “there is an urgent need for a new global regulatory initiative” to address the causes of the worldwide financial collapse and that even those who appreciate the qualities of free markets should welcome the new and different regulations he proposes [...]

23Sep2009 | Peter Lewin | 5 comments | Continued

That's Politics for You

I found this interesting tidbit in Wikipedia’s entry on the Gramm-Leach-Bliley Act: Democrats agreed to support the bill after Republicans agreed to strengthen provisions of the anti-redlining Community Reinvestment Act… G-L-B,  the last significant bank deregulation that occurred in the U.S., repealed the part of the New Deal’s Glass-Steagall Act that forbade a single institution [...]

12Mar2009 | Sheldon Richman | 0 comments | Continued

Did Deregulated Derivatives Cause the Financial Crisis?

For a few months in 2008 I naively thought that the disastrous financial “rescue” actions led by Treasury Secretary Henry Paulson would at least be counterbalanced by widespread recognition that our economic turmoil had been government’s handiwork. How wrong I was. By the time of this writing, the mainstream press had delivered the “consensus” judgment [...]

2Mar2009 | Robert P. Murphy | 21 comments | Continued

Can the Feds Save the Housing Market?

Government Solutions Will Only Make Matters Worse

1Jun2008 | Robert P. Murphy | 13 comments | Continued

Regulatory Extortion

Thomas DiLorenzo is a professor of economics at Loyola College in Baltimore, Maryland. This article is based on a presentation prepared for the Ludwig von Mises Institute’s conference, “Austrian Economics and the Financial Markets,” last September in Toronto. In 1978 Michael Jensen and William Meckling, writing in the Financial Analysts Journal, offered an extraordinarily gloomy [...]

1Mar2000 | Thomas J. DiLorenzo | 8 comments | Continued

What’s Left of Marxism?

Communism as a political movement may be dead, but Marxism as an intellectual movement lives on. This year marks the 150th anniversary of the publication of Karl Marx and Frederick Engel’s profound polemic, Manifesto of the Communist Party.

1Aug1998 | Mark Skousen | 1 comment | Continued

The Myth of the Independent Fed

Dr. DiLorenzo is a professor of economics at Loyola College in Maryland. Ever since its founding in 1913, the Fed has described itself as an independent agency operated by selfless public servants striving to fine-tune the economy through monetary policy. In reality, however, a non-political governmental institution is as likely as a barking cat. Yet, [...]

1Apr1997 | Thomas J. DiLorenzo | 4 comments | Continued

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