On a recent C-SPAN show, Richard Cordray, director of the federal Consumer Financial Protection Bureau,� (CFPB) confirmed that the new federal agency that hasn�t done much in its first 14 months except expand an already bloated and wasteful government during a recession. The CFPB is the result of the 2010 Dodd-Frank Wall Street Reform…
Read More »
In his article in the Summer 2011 issue of The Independent Review, “The Dilemma of Bailouts,” economist Roy C. Smith (New York University) examines why despite its prohibition of taxpayer-funded bailouts, the Dodd-Frank Act has left the financial system exposed to meltdowns and promotes the shifting of risk from large �systemically important� financial firms…
Read More »
 |
 |
 |
 |
