“If these folks want a fight, it’s a fight I’m ready to have,” said President Obama as he emphasized his campaign against Wall Street. Following up on the after-TARP tax, Obama is introducing the Volker Rule to impose tougher regulations on the financial sector. The Volcker rule will cap the size and scope of banks,...
“We want our money back,” said President Obama on Jan. 14. While most Americans would agree with that statement, they might not agree with the President’s approach to getting that money back. In fact, the Financial Crisis Responsibility Tax may ultimately have a negative impact on the taxpayers that put up the money in the...
In a recent New York Times column entitled Virtuous bankers? Really!?!, Maureen Dowd goes after Goldman Sachs and other Wall Street banks for the bonuses being paid to employees after “throwing the entire world into crisis.” Dowd ridicules Goldman CEO Lloyd Blankfein, who argues, “Banks are really serving the greater good” by helping companies to...
In their report “Antitrust & Enforcement: Letting Markets Work without Empowering Government,” Ted Bolema, Ph.D., J.D., Antitrust and Competition Fellow at the Innovators Network Foundation, and Vance Ginn, Ph.D., Chief Economist at the Pelican Institute, write that while the current frustrations with the size of large tech companies and censorship practices may be warranted, giving...