By Mark A. Calabria
One of the more controversial provisions of the Dodd-Frank Act is its restrictions on proprietary trading, contained in Section 619. Setting aside the fact that even Paul Volcker has said the provision would have done little to avoid to the recent crisis, the Act’s various exemptions illustrate the confusion and hypocrisy underlying the rule. Foremost [...]
If the ‘Volcker Rule’ Is So Great, Why Exempt Treasuries and Agencies? is a post from Cato @ Liberty – Cato Institute Blog
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By Mark A. Calabria
At the top of the Congressional agenda for the remainder of this week will be extending the payroll tax cut. Whatever its merits, the extension is a done-deal. Both parties agree on it and it’s just a matter of assembling a way of paying for it. Both parties also understand that, despite their rhetoric, neither [...]
Should Fannie & Freddie Fund the Payroll Tax Cut? is a post from Cato @ Liberty – Cato Institute Blog
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By Mark A. Calabria
A recent report from the Federal Reserve Bank of New York examines the role of speculators in driving the housing bubble. Setting aside the fact that almost everyone who bought a house was “speculating” to some degree, the researchers focus on those who were buying homes they did not intend to live in. Some have [...]
It Was those Bad Speculators That Drove the Housing Bubble…. is a post from Cato @ Liberty – Cato Institute Blog
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