Our financial system and economy are in a mess thanks largely to failed government policies and a dysfunctional regulatory system.  Senseless Panic offers a common sense path to recovery.

“We cannot solve problems with the same thinking we used when we created them.”

— Albert Einstein

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in leading business publications
GOVERNMENT DID NOT SAVE THE ECONOMY By Brian Wesbury First Trust Portfolios

Brian Wesbury of First Trust Portfolios offers an interesting and spot on assessment of the government’s mishandling of the financial crisis of 2008. It will take just a few minutes of your time to listen to his commentary, and it will be time well spent. Here is the link to the full Video

Posted: Oct 21, 2015
REFRAMING THE DEBATE ABOUT PAYDAY LENDING By Robert DeYoung, Ronald Mann, Donald Morgan & Michael Strain

[ The following article about payday lending was posted by the Federal Reserve Bank of New York on its website, Liberty Street Economics, on October 19, 2015. It is an intelligent and balanced presentation of the issues, and I commend it to you.] Except for the ten to twelve million people who use them every […]

Posted: Oct 21, 2015
Fannie-Freddie Lawsuit Should Matter to the Masses by Joseph Colangelo, published by American Banker on September 4, 2015

Most people are aware of the ongoing legal battle waged by Fannie Mae and Freddie Mac shareholders against the U.S. government. But the lawsuit also has broader implications for consumers that have thus far gone unacknowledged. In the midst of the housing crisis, the two government-sponsored enterprises were placed into conservatorship under terms outlined in […]

Posted: Sep 7, 2015
ASSET PRICES ADJUSTING AS PREDICTED!!! by Bill Dunkelberg, Chief Economist, National Federation of Independent Business

WHEN WILL THIS BUBBLE BURST?                     National Federation of Independent Business American consumers have about $14 trillion in debt and a net worth of over $80 trillion according to the Federal Reserve. Net worth is the sum of the values of all assets, real and financial, […]

Posted: Aug 25, 2015
Just Do It, Janet: Time for a Fed Rate Hike by Richard M. Kovacevich

Why must we continue to read, listen, and converse about when the Federal Reserve will increase the Fed funds rate to an infinitesimal one-quarter of one percentage point? Just do it and get it over with. A review of Federal Reserve’s unconventional monetary policies shows that few of the central bank’s recent actions have achieved […]

Posted: Aug 16, 2015
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articles by William Isaac
Banks Have Huge Stake in Outcome of Puerto Rico Crisis by William M. Isaac published by American Banker on November 5, 2015

Puerto Rico’s debt situation has the potential to significantly rattle financial markets and banks need to take notice. At a recent Senate hearing, Antonio Weiss, a counselor to the Treasury secretary, unveiled a plan to allow Puerto Rico to restructure all of its debts. Puerto Rico’s financial challenges are well-documented, but the plan introduced by […]

Posted: Nov 6, 2015
CFPB Payday Plan Will Hurt Those It Seeks to Help by William M. Isaac published by American Banker on Oct 15, 2015

Reading the Consumer Financial Protection Bureau’s proposed rules for regulating payday loans, I couldn’t help but recall the late Yogi Berra’s line, “It’s like déjà vu all over again,” alongside the Hippocratic Oath (“First, do no harm”). Two years ago, the Office of the Comptroller of the Currency issued rules governing non-collateralized, “advance deposit” loans […]

Posted: Oct 16, 2015
Risk Sharing Is No Substitute for Capital at Fannie and Freddie by William M. Isaac published by American Banker on Oct 6, 2015

In recent weeks, the debate over what to do about the mortgage giants Fannie Mae and Freddie Mac has shifted from wholesale replacement to genuine reform. Fannie and Freddie, now in the eighth year of a conservatorship that began in the depths of the financial crisis, remain in in limbo even after paying back nearly […]

Posted: Oct 6, 2015
Shelby’s Bill Is the Right Way Forward on Financial Reform by William M. Isaac published by American Banker on May 19, 2015

Community and regional banks across the United States are badly in need of regulatory relief. A bill proposed by Sen. Richard Shelby is poised to give it to them—but it is in need of one important change. The Senate Banking Committee is scheduled to take up Sen. Shelby’s Financial Regulatory Improvement Act of 2015 this […]

Posted: May 21, 2015
Let Fannie and Freddie Breathe, By William M. Isaac, Published by FTI Journal, May 11, 2015

The Inspector General for the Federal Housing Finance Agency (“FHFA”) recently reported that, due to a lack of capital reserves, Fannie Mae and Freddie Mac might need more government bailouts if housing markets decline. This problem is the result of a 2012 decision by the U.S. Department of the Treasury to sweep Fannie’s and Freddie’s profits into the federal […]

Posted: May 11, 2015
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