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The Hearing: July 12, 2009 - July 18, 2009

Protecting Consumers Against Another Failure of Government

Nick Schulz, a fellow at the American Enterprise Institute, filed this guest post. The House Financial Services Committee today held a hearing on consumer protection as part of a financial regulatory overhaul. In particular, the committee explored the creation of...

By Tim Lawson  |  July 16, 2009; 5:26 PM ET  |  Permalink  |  Comments (1)
Categories:  Banking , Regulation  
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The Fed's Risk-Taking

This guest post is from the Economic Policy Institute's Nancy Cleeland. Much has been said about the Federal Reserve’s exploding balance sheet, which jumped from about $800 billion to more than $2 trillion in the wake of the Lehman Bros....

By Terri Rupar  |  July 15, 2009; 9:07 AM ET  |  Permalink  |  Comments (0)
 
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Why Banks Aren't Modifying Enough Mortgages

Apparently Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan are planning a sit-down with the top 25 mortgage servicers on July 28. The issue is that the banks have been slow to modify mortgages in danger of default and...

By James Kwak  |  July 13, 2009; 11:15 AM ET  |  Permalink  |  Comments (1)
Categories:  Banking  
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