While the remaining White House hopefuls have discussed the intimate details of many policies and proposals, none have seriously addressed the future of housing finance reform. Given the significant size and scope of Fannie Mae and Freddie Mac , the two Government-sponsored Enterprises (GSEs), and their hyper leveraged, undiversified business models, presidential candidates owe it […]
If you want to see welfare-state socialism in action, go to bankrupt Puerto Rico. Let’s hope Bernie Sanders’ voters are paying attention to what their worker paradise dreams turn into in real life. Puerto Rico is a financial basket base with the island’s $75 billion debt now eclipsing 100% of its output. The government is […]
A White House meeting which took place in early March could have wide-ranging implications for the future of U.S. financial markets. Although regulators are supposed to be independent of the president and his policies, all principal federal financial regulators were summoned a few weeks ago to the White House to meet with President Barack Obama […]
With Donald Trump’s victory in Nevada, the likelihood that he could be the Republican nominee is increasing. Even if Senators Marco Rubio or Ted Cruz take Texas and rebuild momentum, it may soon be too late to catch up. Analysts have long stopped trying to figure out Trump’s true positions or political philosophy — if […]
Echoes of the 2008 financial crisis continue to reverberate through election year politics, regulatory policy discussions, and even Hollywood films like The Big Short. Below are five questions about the crisis that are currently receiving attention, and that presidential candidates should be equipped to answer, together with my own answers. Should Glass-Steagall be reinstated? No […]