From Steve Stanek, a research fellow for budget and tax issues at The Heartland Institute: How ironic that President Obama and other leading Democrats oppose extending tax cuts for “the[…]
16 Search results for "TARP"
Competitive Enterprise Institute senior fellow John Berlau joins The Heartland Institute’s Budget & Tax News managing editor Jesse Hathaway to talk about the U.S. Treasury Department’s recent announcement that the “auto bailout” portion of the Troubled Asset Relief Program (TARP) had officially ended with the final repayment of taxpayer-funded loans to Ally Financial, formerly known as GMAC.
The federal Dodd-Frank Act is considered by many to be the most significant financial legislation in modern history. Its purpose was to create a sound Economic Foundation to grow jobs, protect consumers, rein in Wall Street and big bonuses, end bailouts,and “too big to fail,” as well as prevent another financial crisis. Years without accountability for Wall Street and big banks had ushered in the worst financial crisis since the Great Depression that resulted in the loss of 8 million jobs, failed businesses, a drop in housing prices, and wiped out personal savings.
The Financial Stability Oversight Council (FSOC), the unelected oversight group created by the Dodd-Frank Act to monitor and regulate firms deemed to pose systemic risk to the economy (ie. “too big too fail”), has decided begun to expand its remit beyond what even the law’s authors had imagined.
I’ve been reading a lot of analysis these past few days by people trying to figure out how Mitt Romney could have lost to Barack Obama. Much of the analysis[…]
The recent “occupation” of Wall Street has shed light on what is becoming an unfortunate phenomenon in American society; the purposeless protest, the destructive demonstration, movements that serve only to[…]
Ron Arnold, writing at The Washington Examiner, has a column slamming the so-called “light bulb ban” that is phasing out incandescent bulbs in favor of more energy-efficient bulbs — the[…]
Paul Ryan made an excellent speech to the Economic Club in Chicago this week. The focus was his debt reduction plan. In it, Ryan observes that government spending has increased at[…]
Rep. Paul Ryan (R-WI), chairman of the House Budget Committee, delivered a speech Monday to the Economic Club of Chicago in which he defended his Medicare reform ideas and proposed[…]
I received an email from my friend, Seldon B. Graham, Jr., a veteran of the oil industry, possessing both engineering and law degrees. I first became aware of him through[…]
Earlier this year in posts for Heartland’s FreedomPub blog and elsewhere, I tracked how the politically- and presidentially-loved community lender ShoreBank received favorable treatment from regulators that other similar institutions[…]
With the credit and bond markets remaining frozen, many states and municipalities are finding it difficult to raise funds for large-scale projects. In order to “revitalize” the bond market for[…]
Into this tragi-comedy of political idiocy, unemployment, and huge deficits, defenders of the bailouts point to a paltry few pennies returned to the treasury as a sign of “success” while ignoring the billions (or trillions, even) in lost revenues based upon bad government policies.
One of the purposes of this blog is to give fans and friends of The Heartland Institute a peek into the kinds of debates we have around here. Spirited discussions[…]