The next presidential administration will need to appoint competent leaders with innovative ideas for how to regulate the financial services industry, including banks and non-banks. Recent turbulence has demonstrated that our current regulatory system is no match for social media, cryptocurrency, and AI.

Continue Reading “An unseen financial threat looms before Trump and his Treasury” by Tom Vartanian

Steve Forbes’ latest commentary calls for an end to the Basel Capital Accords. His piece quotes my recent article in American Banker.

Continue Reading “Time To Bury The Basel Banking Accords” by Steve Forbes

My good friend Tom Vartanian’s latest article in The Hill reminds us of the damage a cyber event could cause to the banking industry, especially after last week’s Bank of America glitch that showed twenty thousand customers’ account balance as $0.

Continue Reading “The internet’s worst ‘zero day’ could drain all of our bank accounts” by Tom Vartanian

My good friend, Alex Pollock, Senior Fellow at the Mises Institute, has published a very important article in the American Banker on what he considers the illegal funding of the Consumer Financial Protection Bureau by the Federal Reserve System.

Continue Reading “The CFPB is funded by the Fed’s profits. Trouble is, there are none” by Alex Pollock

Alex Pollock’s important article in the New York Sun on the Federal Reserve’s staggering losses.

Continue Reading “How Can One Understand the Federal Reserve’s Nearly $200 Billion in Losses?” by Alex Pollock

I couldn’t agree more with Jamie Dinon’s Washington Post opinion, titled “The next president must restore our faith in America,” calling for much needed leadership in the US that will unite us in these very difficult, divisive, and perilous times.

Continue Reading “The next president must restore our faith in America” by Jamie Dinon

Alex Pollock published an important column in the NY Sun: “The central bank is in circumstances that the authors of Dodd-Frank failed to anticipate — it’s been operating at a loss.”

Continue Reading “The Federal Reserve Lacks the ‘Earnings’ With Which Legally To Fund the Consumer Financial Protection Bureau” by Alex Pollock

Ed Pinto at the American Enterprise Institute discussed the American housing market in a new podcast interview, and the AEI released a compelling 9-minute video on the topic.

Continue Reading AEI: “The Forgotten Solution to the Housing Crunch”

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.

Continue Reading “A value-added tax is one solution to the crippling debt problem” by Peter Tanous

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.

Continue Reading “About That 3 Percent GDP Growth” by Larry Kudlow

I urge you to read the New York Sun editorial titled “How Will We Survive the ‘Deluge of Debt’?”. We all know and talk about the mountain of debt that exists not only in the in the United State but throughout the world. It was my incredible honor, as Chairman of the FDIC, to work side by side with the legendary central banker now deceased, Paul A. Volcker, from 1978 when he was appointed by President Carter as Chairman of the Federal Reserve.

Continue Reading “How Will We Survive the ‘Deluge of Debt’?” by the New York Sun

My longtime friend and colleague, Tom Vartanian, has published a new article in The Hill on the urgent need to impose meaningful federal regulation on the Crypto industry. He makes a compelling case for protecting the public from potentially significant losses in these volatile and risky instruments.

Continue Reading “How many more times will we be conned by crypto?” by Thomas Vartanian

My long-time friend, Alex Pollock, has written what might be the most timely and important of the many thoughtful pieces he has authored over a lifetime of great scholarship. The article addresses the issue of whether the Federal Reserve should be subject to Congressional oversight when setting interest rates and determining the supply of money.

Continue Reading “Reforming the Federal Reserve” by Alex Pollock

Alex Pollock, who has devoted much of his lifetime to studying the financial world, has written two new articles about highly questionable monetary policy actions taken by the Federal Reserve in coordination with the US Treasury’s TARP bailout programs

Continue Reading “Lots of Red Ink at the Fed” by Alex Pollock