Banking
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July 14, 2010
Dodd-Frank Financial Regulation Conference Report is Deeply Flawed
Using the Senate-passed financial services regulation bill as a starting point, the conference committee’s final agreement – one opposed by every House and Senate Republican conferee – adds troubling new requirements to the legislation and fails to correct harmful provisions in the Senate-passed text. In the end, the bill fails to deliver the reforms needed to prevent the next financial crisis, adds unnecessary burdens on American financial institutions, and increases costs for American consumers.
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June 3, 2010
Skip the Reform and Just Get to the Spending
As demonstrated by the House tax extenders, Democrats are happy to skip the reform and just get to the spending. Sadly, the American taxpayers get to pay the tab, both by paying for Fannie and Freddie bailouts and now funding the Housing Trust Fund.
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April 14, 2010
Geithner’s Wrong: Dodd Bill Doesn’t End Bailouts
GEITHNER CLAIM: “Crucially, if a major firm does mismanage itself into failure, the Senate bill gives the government the authority to wind down the firm with no exposure to the taxpayer. No more bailouts. Instead, we will have a bankruptcy-like regime where equityholders will be wiped out and the assets will be sold.”iii
FACT: The Democrats’ bill creates bailout funds, authorizes bailouts, allows for “back door” bailouts from the FDIC, Treasury and the Fed, and expands the scope of bailouts.
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March 29, 2010
Student Loans: An Unwise Government Takeover, the Sequel
•The Obama Administration has proposed eliminating the Federal Family Education Loan (FFEL) program, one of the two programs providing federally supported loans for college and graduate school students. This would leave the government-run Direct Loan (DL) program as the only option for students. -
March 23, 2010
The Government Takeover of Student Loans Hurts Families and Consumers
Democrats are raiding federal student aid in order to pay for their massive, flawed and unpopular health care proposal. Approximately $9 billion in education savings will be diverted from students to help pay for the cost of the Obama Administration’s health care proposal.