deregulation

A new study out today from the University of North Carolina Center for Community Capital provides more evidence that deregulatory zealots have a lot to answer for when it comes to the mortgage crisis: State anti-predatory laws actually worked, slowing down foreclosures.
But, alas, the state protections were overruled by the Office of the Comptroller of [...]

With so many bailouts, anti-foreclosure plans and recession-mitigation strategies coming out of the Treasury Department in recent months, it’s easy to forget that Secretary Tim Geithner has been working all along without a right-hand man.
The Senate Finance Committee took a step to remedy that this morning, approving the nomination of former Clinton administration attorney Neal [...]

Mike’s piece today on the failure of Congress to pass a mortgage cramdown bill — which would allow bankruptcy judges to modify loans and is a major element of the Obama administration’s plan to deal with the foreclosure crisis –clearly demonstrates the continued clout of banks and the cowardice of politicians who regularly mouth their [...]

President Obama’s top economic adviser on Thursday defended his role as a leading force behind the sweeping deregulation of the finance industry a decade ago, which many experts consider to be a cause of the current economic crisis.
Appearing before hundreds of business officials in Washington, Larry Summers said the finance industry has evolved both enormously [...]

If anyone doubted that “socialism” was the hot new term in the halls of CPAC, making a big comeback from the late 1970s, here was Sen. Jim DeMint (R-S.C.) just now:
Earlier this week, we heard the world’s best salesman of socialism address the nation.
DeMint assured the audience that “free markets and deregulation did not wreck [...]

Floyd Norris of The New York Times picks up on President George W. Bush’s myopic views of the nation’s worst financial crisis since the Great Depression, expressed as part of that valedictory news conference Monday. Personally, I was struck by Bush’s flippant comment that he came in during a recession and he’s leaving during a [...]

Among the many ad-libbed lines during President-elect Barack Obama’s remarks this morning at the National Governor’s Association was one that may raise the eyebrows of environmental and labor activists.

Who knew, eight years ago, that compassionate conservatism would include the partial nationalization of the banking industry?
It happened today, and some supporters of Sen. Barack Obama hope the new wave of broader federal regulation will spill over into the health-care debate.
In an ad in today’s New York Times, the Institute for America’s Future, a liberal [...]

The Los Angeles Times’ Noam Levy has an article this morning that Alaska Gov. Sarah Palin probably wishes she had seen before she drew a blank when Katie Couric asked her for an example of Sen. John McCain pushing deregulation.
As it turns out, McCain may not be as “fundamentally a deregulator,” as he likes to [...]

DETROIT, Mich. — Addressing a boisterous crowd of 28,000 that filled the street in front of the Detroit Institute of Arts on Sunday, Sen. Joe Biden touted the support of a “real hockey mom.”
Biden, as well as Sen. Barack Obama, was introduced by Denise Ilitch, former president of a company that managed the Detroit Red [...]