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My Fox News Interview On GM’s Losses To Taxpayers And Obama’s Auto Dealer Job Shaft
On Tuesday, I was on Fox News’ “Special Report with Bret Baier” answering Doug McKelway’s questions on the Treasury Department’s upward revision of taxpayers' losses…
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On Dodd-Frank’s Unhappy Anniversary, Main Street Suffers Most
The LIBOR rate-fixing controversy and JP Morgan's failed trades are all spun as reasons why we need Dodd-Frank, the so-called "financial reform" law that was…
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Yes, President Obama, Howard Johnson “Built” Your Favorite Motels, And Private Equity Saved Them
Over the weekend, President Obama sent a message to all American entrepreneurs and potential entrepreneurs. The message was, "Nothing special about you!" At a campaign…
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Jamie Dimon and the “Just Fine” Private Sector
It will be interesting to see how the Big Government punditocracy squares its doubling-down defense of President Obama's comments that "the private sector is…
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Stand with State Farm as it Stands with ALEC
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Facebook’s Fall and the Post-Sarbanes-Oxley “Cheers IPOs”
How Over-Regulation is Robbing Investors of Wealth from Smaller IPOs When I wrote pieces here and at the Daily Caller late last week injecting a…
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H.R. 1909 — Unfinished Free-Market Business to Lift Barriers to Lending
They said it couldn't be done. That Congress couldn't pass a bipartisan bill in an election year to help the economy. Particularly one that lessens…
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Facebook, Overregulation, and the “Cheers IPOs”: Unshackling the Next Facebook and Its Investors
Whether or not a retail investor buys shares of Facebook when it finally goes public tomorrow -- and OpenMarket provides public policy, rather than investment,…
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Why JPMorgan Chase’s Mark-to-Market Losses Don’t Bolster Case for Volcker Rule
There is much still to be known about the $2 billion in losses JPMorgan Chase is reporting due to a flawed hedging strategy. But this lack of…
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Center-Right Coalition Calls For Credit Union Deregulation to Lift Lending
The recent viral video sensation "If I Wanted America to Fail" confirms that the regulatory state is a major focal point for the center-right…
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My Weekend with Hitchens at NASCAR
Last weekend, there was a public memorial service at Cooper Union in New York to commemorate the voice of the late Christopher Hitchens. I…
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Why Matt Taibbi’s Anti-JOBS Act Screed Couldn’t Suck Worse
I have had a range of reactions when reading Matt Taibbi's pieces in Rolling Stone. Most of the time, I vehemently shake my head, but quite a few times…
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Yes, the JOBS Act Will Create Jobs, Wealth, and Investor Freedom
Tomorrow, the Senate is expected to pass the Jumpstart Our Business Startups (JOBS) Act. The bill achieved cloture today by 76 votes, all but assuring…
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ThinkProgress’ Schizophrenia on Crowdfunding and the JOBS Act
ThinkProgress, the blogging arm of the liberal Center for American Progress, is usually pretty good on enforcing the political left’s party line. But two of…
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JOBS Act would Create More than 10 million Jobs
At long last, some truth in advertising in Congress! Today, the U.S. House of Representative is poised to pass a bipartisan "jobs bill" that will…
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Breitbart the Fusionist Thinker: How the Activist and Tactician Promoted a Key Piece of Conservative Philosophy
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The STOCK Act’s Muzzle and How to Fix it in Conference (Update)
My colleagues David Bier and Ryan Radia contributed to this post. Per the scenario in a previous post, it’s April 2012. You are a…
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The STOCK Act’s Muzzle — How “Insider Trading” Bill Could Shut Down Grassroots Communication
It’s April 2012. You are a conscientious congressional staffer who still takes seriously the need to be a steward of taxpayers’ money. (Yes, I know…
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Facebook Filing Blasts Obama-Bush Overregulation of Sarbanes-Oxley and Dodd-Frank
In his letter to prospective shareholders in the middle of the 201-page "Form S-1" that Facebook filed yesterday afternoon to launch its much-anticipated initial…
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Buffett’s Secretary, Romney’s Return, and the Crushing Double Taxation on Investment Income
There has been much waxing in the last few days about how unfair it supposedly is that Mitt Romney was taxed at around 15 percent.
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WaPo Columnist Calls for Cordray’s Consumer Bureau to be “Big Brother”
"Big Brother." When commentators use that phrase to describe a government agency, it is most often not meant as a compliment. Rather, it is wielded…
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Cordray Recess Appointment is Travesty for Government Accountability
News is just breaking that President Obama will today make a "recess" appointment of Richard Cordray to head the Consumer Financial Protection Bureau, a powerful and…
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Dick Durbin’s Hypocritical Quest for “Honest Information’ on Bank Fees
Senate Majority Whip Dick Durbin (D-Ill.) wants banks and credit unions to know that he's all about transparency and "honesty" in consumer fees. In his…
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Memo to Gingrich: Credit Unions are Not GSEs
Let me begin this post with a disclaimer, of which many of our readers are already aware. The Competitive Enterprise Institute and OpenMarket.org do not…
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On 10th Anniversary of Enron Collapse, Time for Sarbanes-Oxley to Go
Ten years ago today, Enron Corp. filed for bankruptcy. Today, with all of its dealings with banks, it would probably have been deemed "too big…
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Barney Frank’s Committee Rebukes Dodd-Frank Derivatives Rules
There are other factors at play, but has anyone noticed how much the stock market has surged since Rep. Barney Frank (D-Mass.) announced he…
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Barney Frank’s Cognitive Dissonance on Liberties and Risk-Taking
Congress will certainly be different and, for the country, better with the absence of Rep. Barney Frank, who announced today he will not seek reelection.
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Obamacare Attacks Your Flex Account — Minimize Damage in 2013 by Doubling Up for 2012
Hey Joe and Jane Citizen, concerned about the future of your country and your family. Please step away for five minutes from the nonstop TV coverage…
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Fannie and Freddie’s Double Outrage — Millions in Bonuses and Subsidies for Millionaire Mortgages
Yesterday, the House Oversight and Government Reform Committee held a hearing on the granting of nearly $13 million in bonuses for executives of Fannie…
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Bank of America Debit Decision Doesn’t Negate Dodd-Frank’s Costs to Consumers
Bank of America and other banks are cancelling plans to impose monthly debit card fees. This was one of the ways Bank of America, as…
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Obama-Fannie Regressive Refinance Ripoff for Taxpayers and Middle-Class Investors
President Obama is announcing his plan today to bypass Congress with new government intervention to save the housing market through the entities that destroyed it: Fannie…
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Blame Not Banks — But Big Box and Big Government — For Free Checking’s Demise
Read it and weep, but don't say OpenMarket didn't warn you. Thanks to Dodd-Frank's Durbin Amendment, price controls on interchange fees --…
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Obama Wants a GM Bailout Tax on Bank and Insurance Customers
For all the talk about fairness and equity with the so-called Buffett Rule, there is one sneaky loophole in the Obama revenue proposal that…
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Warren Buffett, Give Your Secretary a Raise!
So it has been decreed -- by Warren Buffett, by President Barack Obama, and by media members going gaga over to so-called Buffett Rule --…
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Obama and Sarbanes-Oxley Review — The One Sentence Worth 4,000 Words for Jobs
In President Obama’s 33-minute-long speech to Congress on job creation last week, one sentence was worth nearly all the rest of his 4,000 words.
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H.R. 1909 Brings Competitive Regulation to Small Loan Market
The Summer of 2011 will likely be remembered as a season that overregulation came to a boiling point -- at all levels of the U.S. government.
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My Fantasy Obama Jobs Speech
The following is my fantasy speech on jobs from Barack Obama. He looks at CEI's websites, realizes his big-government approach has been all wrong, but…
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Fannie-Freddie’s Hypocritical Suit Against Banks Making Loans that GSEs Helped Create
"U.S. is set to sue dozen big banks over mortgages," reads the front-page headline in today's New York Times. The "deck" below the headline…
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Europe’s Woes No Excuse for Abysmal U.S. Growth
Today, once again, the market is crashing largely due to events in the European Union. President Obama and other policy makers wring their collective hands…
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Make S&P like Zagat
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Consumer Financial Protection Bureau Nominee Richard Cordray Supports Price Controls and Borrower Bailouts
Last Thursday, before the House Oversight and Government Reform Committee, Consumer Financial Protection Bureau architect Elizabeth Warren insisted that her priority was not to ban certain…
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Debt Ceiling Deal of 1996 Set Regulatory Reform Precedent
In National Review this week, Wayne Crews and I make the case for including regulatory reform in a debt ceiling package. "Any hike in…
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Dodd-Frank Interchange Fee Price Controls Less Draconian, But Still Destructive
Today, at around 3:30 pm, the Federal Reserve will vote on a final rule that will make price controls from the Durbin Amendment of Dodd-Frank…
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“Uncertainty” Not the Whole Story of our Economic Doldrums
As those engaged in the policy battlefield, our focus is often on taking apart arguments used to advanced proposed solutions we disagree with. But sometimes…
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GOP Durbin Dozen Blocks Dodd-Frank Rollback
Anywhere but the Senate, getting 54 votes out of 100 is a victory. And yesterday, a bipartisan group 0f 54 Senators responded to concerns…
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Delaying Dodd-Frank’s Durbin Price Controls Would Save Retailers From Themselves
Today is the day, as a bipartisan amendment comes to the Senate floor delaying draconian price controls on debit card transaction fees from Dodd-Frank's Durbin Amendment, that the Senate has an…
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Obama’s Chrysler Fiat — Missing Jobs Under the Hood
“So far the auto industry’s added 113,000 jobs over the past two years.” So proclaimed President Obama in a speech at the Chrysler/Fiat plant in…
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AIG Bailout’s True Costs to Taxpayers, Innovation, and Competition
The Treasury Department today is patting itself on the back for finally selling some of the government's shares in American International Group, with Treasury…
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Durbin ‘Swipe Fee’ Price Controls — Bernanke’s Warning and Dean Baker’s Fudge of Fed Data on Costs
Even considering the usually sympathetic audience at the Huffington Post, liberal economist Dean Baker had a tough task of persuasion with his Monday column defending…
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Washington Post’s Royal Class Snobbery Against Middletons
Thanks Iain, for your kind comments on my Wall Street Journal op-ed celebrating the Middleton's entrepreneurship and for the great info on how…