The rapid growth of the U.S. financial sector—a process known as “financialization”—has been fueled by massive government subsidies. In particular, the regulatory system enshrines a highly unstable business model based on extreme leverage and protects it with a mix of explicit and implicit safety nets. The result is a bloated, inefficient financial system vulnerable to cataclysmic meltdowns and plagued by chronic misallocations of resources—and huge windfalls for financiers who pocket gains from excessive risk-taking while leaving losses with taxpayers.
Blog posts about Financial Regulation
This Week in Financial Regulation, December 16th
News and Commentary JDSupra's legal news highlights Biden administrative appointments indicative of strong support for financial technology and hardened financial regulation. American Action [...]
This Week in Financial Regulation, December 10th
News and Commentary Hannah Lang previews the Federal Housing Finance Agency's finalized capital requirements for Fannie May and Freddie Mac in American Banker. [...]
This Week in Financial Regulation, November 19th
News and Commentary Robert Schmidt, Jesse Hamilton, and Yalman Onaran trace Joe Biden’s dual task of pleasing Wall Street and his party’s more [...]
This Week in Financial Regulation, November 5th
News and Commentary Sylvan Lane describes the Public Banking Act's proposed federal banking system establishment in the Hill. Greg Iacurci reviews Joe Biden's [...]
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