Bank Reform
Are Americans Apathetic and Ignorant? What Surveys Tell Us
May 26th, 2013 | © Elliott R. Morss, Ph.D.
In democracies, special interest groups have significant power. Their power is greater when the citizens are ignorant or apathetic. This article documents the ignorance/apathy of US citizens.
Read MoreBanks, Securitization & Incentives: Are We Protected From Another Collapse?
February 24th, 2013 | © Elliott R. Morss, Ph.D. 1
There is new evidence documenting the fact that when banks can sell their loans off, they make more loans of lower quality. To keep banks safe, I argue that they should be required to hold all their loans to maturity.
Read MoreAusterity, Deficits, and Debt – A Tale of Two Countries
November 28th, 2012 | © Elliott R. Morss, Ph.D.
The Greek case shows what can happen if austerity policies are imposed too soon. What lessons from Greece apply to the US? And should a transaction tax be applied to all bank trades?
Read MoreTARP Revisited: Banks “Too Large to Fail”- A Red Herring
October 30th, 2012 | © Elliott R. Morss, Ph.D.
You might think the TARP bank bailout is over. It is not. There are still more than 300 that have not repaid their TARP borrowings. Most of these banks are small. Major bank reform is still needed.
Read MoreBank Regulation: Are Paymasters The Answer?
October 23rd, 2009 | © Elliott R. Morss, Ph.D. 2The Obama administration is arguing that we should limit bank compensation to reduce bank risk taking. This is non-sequitur thinking at its worst.
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