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  • Weekend Must Reads
    Apr 20, 2013 - WSJ-MarketWatch: How Thatcher would have fixed the financial crisis She ignored conventional wisdom, acted on her beliefs UK Telegraph: The IMF is flunking the financial crisis By turning its fire on Britain, the IMF gives the impression it is out of ideas and solutions Financial Times: Wake up to t... More
  • Weekend Must Reads
    Apr 12, 2013 - Forbes: Margaret Thatcher Exposed The Infantile Illusions Of Socialism Margaret Thatcher’s economic policies, we are often told, were cruel, harsh, immoral. In fact she was a deeply moral thinker, and the moral superiority of the free market was central to her thinking. She made the case for it like... More
  • ICYMI: Hensarling Profile in Last Friday's WSJ
    Apr 1, 2013 - By Patrick O'Conner WASHINGTON—During Jeb Hensarling's first congressional bid, a man at a campaign stop in Athens, Texas, asked the Republican if he was "pro-business." "No," the candidate replied, drawing curious stares from local business leaders who had gathered to hear him speak, a former Hens... More
  • Weekend Must Reads
    Mar 24, 2013 - American Banker: Fannie and Freddie Must Go One of the priorities of Rep. Jeb Hensarling, Chairman of the House Financial Services Committee, is to end the conservatorship of Fannie Mae and Freddie Mac and let the private sector take the primary role in operating the residential mortgage industry. N... More
  • Committee Addresses FHFA, Community Banking
    Mar 22, 2013 - FHFA In 2008, Fannie Mae and Freddie Mac, the two giant government sponsored entities which helped fuel the housing bubble, received the largest bailout in U.S. history. Serving as Acting Director of the Federal Housing Finance Agency (FHFA), Edward DeMarco has been tasked with managing the GSEs’ m... More
  • Weekend Must Reads
    Mar 16, 2013 - National Review: Representative Hensarling on the CFPB The logical import of Noel Canning v. NRLB, the D.C. Circuit’s decision striking down President Obama’s unilateral, non-recess NRLB appointments, is that the president’s similar CFPB director appointment is also unconstitutional. House Financial... More
  • Subcommittees Focus on FHA; Too Big to Fail
    Mar 15, 2013 - FHA Government backing for the Federal Housing Administration (FHA) gives it competitive advantages over private sector mortgage insurers, driving them out of the marketplace and leaving homebuyers with fewer choices, witnesses told the Financial Services Subcommittee on Housing and Insurance. Wedn... More
  • Too Big to Fail; Too Big to Jail?
    Mar 14, 2013 - Last week Chairman Hensarling and Oversight & Investigations Subcommittee Chairman McHenry sent a letter to Attorney General Holder and Treasury Secretary Lew seeking any and all documents related to the consideration of economic factors in the decision to prosecute large banks for financial crimes... More
  • Chairman Hensarling Questions Legality of CFPB Funding
    Mar 12, 2013 - In January, a federal court held that the Senate was not in recess when President Obama made three appointments to the National Labor Relations Board (NLRB). In deeming those appointments unconstitutional, the court invalidated decisions made by the NRLB during the illegal appointments. While the co... More
  • Subcommittees Hear From Experts on Harmful Consequences of QE and the GSEs
    Mar 8, 2013 - “We talked about cash on balance sheets not deployed…People just sitting on cash because interest rates are too low and returns are too low now, but they think that they will go up in the future. So, everyone just sits until the Fed takes action. Rather than trying to read the market, they are tryi... More