I sat down with Interactive Brokers Podcast Host and Senior Economist Jose Torres to discuss how today’s regulatory failures mirror past crises and what we need to fix our financial system.
My good friend, Peter Tanous, has written a thoughtful article for CNBC on the necessity of the U.S. joining most of the rest of the world in adopting a Value Added Tax as a critically important step toward significantly reducing our dangerously out of control debt problems. I believe firmly that we must also reduce senseless Federal spending but, realistically, that alone will not do the job. We will also need a reasonable and fair way to increase Federal revenues. It’s time for the VAT tax coupled with a substantial reduction in wasteful Federal spending.
“A value-added tax is one solution to the crippling debt problem” by Peter Tanous Read More »
My latest article in The Hill emphasizes the importance of identifying leaders at the FDIC who can attract and retain talent by treating employees with respect and dignity. The FDIC is an important institution with a noble goal, and misbehavior must not be tolerated.
Former FDIC chair: Workplace culture at the FDIC can and must be fixed. Read More »
The Federal Reserve and Congress have created and dumped into the economy massive amounts of debt at close to zero interest rates, allowing us to ignore the problems while they have mushroomed beyond control.
Back to the Future? Read More »
My latest article in The Hill, co-written with my friend Tom Vartanian, challenges the amount of power that the Director of the CFPB, an unelected official, can wield. Having a politicized official at the helm of this agency will do the American consumer more harm than good.
Why does one unelected bureaucrat get to decide credit card fees? Read More »
Secura/Isaac Group and First Financial Network today announced their new Advisory Alliance relationship to provide a comprehensive suite of services to banks and other financial institutions. The collaboration will help their financial institution clients reduce their risks and optimize their strength and profitability through first-class services including regulatory advice and assistance, loan valuations, loan and asset sale strategies, and balance sheet realignment.
Secura/Isaac Group & First Financial Network Announce Strategic Alliance Read More »
This article was written in response to a thoughtful and important opinion piece authored by my good friend, Alex Pollock, about the need for Congressional oversight of the Federal Reserve, something recently advocated by Rep. French Hill in the House and Sen. Rand Paul in the Senate.
National Debt, Inflation and the Federal Reserve Read More »
Larry Kudlow’s opinion in the NY Sun regarding the 3+% GDP growth announced by the U.S. government this past week. Unfortunately for those celebrating this event – particularly those in the White House – the bad news, as Kudlow notes, is that all of the growth is attributable to massive deficit spending by the government, which will not have a happy ending for consumers, businesses, and taxpayers.
“About That 3 Percent GDP Growth” by Larry Kudlow Read More »
My latest article in The Hill explains why CAMELS ratings, an important tool in bank regulation, must not be made public.
Why regulators’ confidential bank ratings should not be public information Read More »
My latest article, co-authored with my friend Thomas Vartanian, argues that the SEC learn from history and regulate the crypto industry in order to protect the public interest.
Why is the SEC still allowing crypto to run wild? Read More »
