Mark Calabria is moving FHFA in a new direction and making taxpayers his top priority. Under the apathetic five-year tenure of FHFA Director Mel Watt, the government sponsored enterprises (GSEs) pursued risky private-sector strategies and an expansionary agenda, abusing the comforts of government control and exposing taxpayers to the risk of another massive bailout. Director […]
On September 6, 2018, the House Financial Services Committee held a hearing to evaluate the ill-famed ten-year anniversary of conservatorship for government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Committee members and witnesses addressed the inherent dangers of keeping the status quo as well as potential reforms to limit systemic risk. What was supposed to […]
The Consumer Financial Protection Bureau (CFPB) has been, since its inception as the brainchild of then-Harvard professor and now Sen. Elizabeth Warren (D-Mass.), the nanny state bane of conservatives and free-market champions.
With his newest catch-phrase, “Economic Growth for All, and Bank Bailouts for None,” House Financial Services Committee Chairman Jeb Hensarling (R-Texas) unveiled the key principles underpinning his proposal to replace the Dodd-Frank Act with “real reforms that work,” in a speech earlier today to the Economic Club of New York. The following represent the key […]
So, the Consumer Financial Protection Bureau (CFPB) is at it again! According to the September 17th, 2014 edition of the Wall Street Journal, the agency announced its intention to regulate the automobile dealers and the finance companies that service them. In prepared remarks, CFPB Director Richard Cordray (named August 2014 “Porker of the Month” by […]
