Articles Written by:    DAVID C. JOHN     

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Financial Reform: Dodd's Even Bigger Government Solution to Financial Risk

Senate Banking Committee Chairman Chris Dodd's (D-CT) draft financial reform package is so filled with bad policies that it is hard to decide where to start. Rather than trying to break up the financial regulatory reform proposed by the Obama ...

From DAVID C. JOHN, The Heritage Foundation,  17 Dec 2009
Related Topics: FDIC,  Christopher Dodd,  Barack Obama,  Federal Reserve,  Financial Institutions, Inc.

Social Security's Deficits Reinforce the Need to Reform Spending

Social Security's finances are the latest proof that government spending is out of control. Earlier this year, the Social Security Administration predicted that it would start to spend more in benefit payments than it receives in taxes, a sharp ...

From DAVID C. JOHN, The Heritage Foundation,  10 Dec 2009
Related Topics: Social Security Administration,  Barack Obama

Using Bankruptcy and Capital Standards to Address Financial Institutions That Are 'Too Big to Fail'

Abstract: The next financial crisis could cause the entire global financial system to collapse. However, the Obama Administration's proposal is unrealistic and would give government regulators almost unlimited powers to take over or micromanage ...

From DAVID C. JOHN, The Heritage Foundation,  24 Nov 2009
Related Topics: Barack Obama,  FDIC,  U.S. Congress,  Financial Institutions, Inc.,  Federal Reserve

Obama's $250 Bonus Turns Social Security into Welfare

Since Social Security recipients will get no cost-of-living adjustment (COLA) next year, President Obama wants to give each of them $250, a move supported in principle by the Republican House and Senate leadership. However, this move is not only ...

From DAVID C. JOHN, The Heritage Foundation,  20 Oct 2009
Related Topics: Barack Obama,  U.S. Republican Party,  Centers for Medicare and Medicaid Services,  American Enterprise Institute

The Consumer Financial Protection Agency Act: Attempting to Improve Bad Policy

During last year's presidential campaign, Barack Obama noted that "you can put lipstick on a pig, but it's still a pig." This phrase neatly sums up the ongoing House Financial Services Committee markup of H.R. 3126, the Consumer Financial Protection ...

From DAVID C. JOHN, The Heritage Foundation,  14 Oct 2009
Related Topics: Barack Obama,  House Financial Services Committee,  Securities and Exchange Commission,  Barney Frank

Social Security's Unexpected Deficits Show Urgent Need for Reform

Starting this year, Social Security will spend more in benefits than it will receive from its payroll taxes. This is somewhat unexpected as just last year, the 2009 cash surplus was predicted to be about $80 billion. Even in May of this year, the ...

From DAVID C. JOHN, The Heritage Foundation,  29 Sep 2009
Related Topics: Barack Obama

The Lehman Brothers Collapse: Financial Regulation One Year Later

One year ago today Lehman Brothers collapsed, sending another 92 subsidiaries into bankruptcy. President Obama will mark the occasion with an address to Wall Street in which he will likely outline some broad principles for financial regulatory reform. ...

From DAVID C. JOHN, The Heritage Foundation,  14 Sep 2009
Related Topics: Federal Reserve,  Barack Obama,  U.S. Congress,  FDIC,  Securities and Exchange Commission

How to Protect Consumers in the Financial Marketplace: An Alternate Approach

The Treasury Department has proposed consolidating the existing consumer protection divisions of the various federal financial regulatory agencies into a new and powerful Consumer Financial Protection Agency (CFPA). The CFPA would be responsible for ...

From DAVID C. JOHN, The Heritage Foundation,  8 Sep 2009
Related Topics: Securities and Exchange Commission,  Barney Frank,  U.S. Congress,  Financial Institutions, Inc.,  Federal Reserve

The Obama Financial Regulatory Reform Plan: Poor Policy and Missed Opportunities

The recent financial regulatory reform plan issued by the Treasury Department[1] is a detailed mixture of overreaching policy mistakes, missed chances for real reform, blanks that will be filled in later after studies, and a few good ideas. One key ...

From DAVID C. JOHN, The Heritage Foundation,  15 Jul 2009
Related Topics: U.S. Congress,  Barack Obama,  Federal Reserve,  FDIC,  Freddie Mac

Republicans' Financial Regulatory Reform Plan a Good Start

House Republicans on the Financial Services Committee have released a comprehensive financial regulatory reform plan.[1] The plan has several key features that are unfortunately likely to be missing from the coming Obama plan. The proposal focuses on ...

From DAVID C. JOHN, The Heritage Foundation,  15 Jun 2009
Related Topics: Barack Obama,  Freddie Mac,  Fannie Mae,  Securities and Exchange Commission,  Federal Reserve

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