The Hearing Archive: Banking
Attention Shifts Back to the Foreclosure Crisis
The recent financial crisis began at least in part as a housing crisis. The toxic assets that initially threatened to bring down the global financial system were largely based on subprime residential mortgages; as borrowers began defaulting on those mortgages,...
By
James Kwak
|
July 28, 2009; 3:14 PM ET |
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Banking
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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
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July 16, 2009; 5:26 PM ET |
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Banking
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Regulation
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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 |
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Banking
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In Defense of the Fed's Independence
This guest post was filed by David Zaring, University of Pennsylvania professor and a blogger at The Conglomerate. Yesterday, Federal Reserve Vice Chairman Donald L. Kohn testified before Congress on the independence of the Fed, heretofore the most independent of...
By
Tim Lawson
|
July 10, 2009; 6:05 AM ET |
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Banking
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State vs. Federal Banking Regulators in Our Imperfect World
Yesterday, in Cuomo v. Clearing House Association, the Supreme Court ruled that states could sue financial institutions for failing to comply with state laws, even if they were in compliance with federal regulations. Like many Supreme Court opinions, this one...
By
James Kwak
|
June 30, 2009; 2:34 PM ET |
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Banking
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Making Financial Regulation Work: The Elephants of Banking
This is part of a series on The Hearing called "Making Financial Regulation Work." The guest post is from Shawn Bayern, assistant professor of law at Florida State University, and Zephyr Teachout, associate professor of law at Fordham University. Two...
By
Tim Lawson
|
June 29, 2009; 7:21 AM ET |
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Banking
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Regulation
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