Regulation

The demonized banking industry must make the case it is morally noble. That may jar some ears, but surely enabling retirees to earn a return on their savings and funding business expansion creating jobs and wealth, improving Americans’ quality of and opportunities in life is morally noble. — Eric...
10/02/2015
Blog
The talk around Wall Street is that profits at the trading desks of the big banks are down and that regulations are to blame. There may be some truth to that, at least to the extent that transparency rules have deterred some price gouging. We should be careful about reading too much into the...
03/05/2015
Blog
Regulatory policies are expected to play a significant part in the agenda of the new Congress. Congressional leaders have indicated in particular that they will be holding hearings on EPA regulations that would affect the operation of coal fired power plants, and on aspects of the...
01/07/2015
Blog
President Obama’s call for Americans to stay engaged has rightly been taken to refer to issues high on the public’s agenda, such as gun control and immigration reform. Essentially, the President is saying that reform reflective of the country’s most broadly held values can...
01/22/2013
Blog
The financial sector provides a crucial function to society. It accommodates the movement of funds from investors to businesses, governments and individuals who use the capital for productive purposes. If the financial sector does this efficiently, the cost to the users of capital will be close to...
12/06/2012
Blog
At least one form of rampant speculation has been closed down. Mary Schapiro will step down from the Chairmanship of the SEC by the end of the year. One of her fellow Democratic Commissioners, Elise Walter will take over, leaving a vacancy on the five-member Commission and an even split between...
11/27/2012
Blog
As our economy limps along with continued high levels of unemployment, Republicans and some Democrats in Congress have become enchanted with deregulation. The supporters of deregulation believe that if only government with its “burdensome regulations” were to get out of the way of our nation’s...
11/16/2012
Blog
Nikole Hannah-Jones has written an important article for ProPublica about how the Fair Housing Act has failed to reduce racial segregation in America's housing market since its passage in 1968 -- or more accurately, how the FHA has been failed by a bipartisan political consensus against...
11/06/2012
Blog
It’s a pleasure to drive the roads of Vermont.  This mountainous state, which still enjoys a strong agricultural sector, outlaws billboards.  So do Alaska, Hawaii, and Maine.  Drive into neighboring New Hampshire to experience the difference.  When the anti-billboard law...
11/01/2012
Blog
This week marks the fortieth anniversary of the Clean Water Act (CWA). In 1972, Congress overhauled the Federal Water Pollution Act and provided the basic structure for regulating the discharge of pollutants from point sources. The CWA gave the EPA the authority to set effluent limits on an...
10/15/2012
Blog
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