“Hard Lines, Not Regulatory Discretion”Senator Ted Kaufman (D-Del) has a SUPERB analysis, titled “Wall Street Reform That Will Prevent The Next Financial Crisis,” detailing exactly what caused the financial system to melt down in 2008 — and what should be done about it. Even better: he actually has a say in deciding the latter. Here’s...Read More
Tighter Regulation = Less “Innovation”? Thirty years ago credit cards were exceedingly simple. They charged high annual fees just to own them (often $40-$50), high fixed interest rates (approaching 20%), and offered no cash rebates. Today credit cards are more complex, but they are also better. They offer no annual fees for no-frills cards, flexible...Read More
