Let the market deter bad risks in investment banking
The Fed and SEC formalized a joint agreement this month allowing shared oversight of investment banks, a shift some fear could lead to Fed regulation of the sector. The piece argues market discipline, not expanded regulation, better curbs moral hazard and risky behavior, noting past failures and the limits of protections like deposit insurance. It concludes that allowing firms to fail remains the strongest check on risk.
MENTIONED IN THIS ARTICLE
Federal Reserve
The
Securities and Exchange Commission
Bear Stearns Investment Bank
Fed
SEC
William Niskanen
Cato Institute
Council of Economic Advisers
Federal Deposit Insurance
Bear Stearns
Drexel Burnham
Kidder Peabody
Treasury
Henry Paulson
Ben Bernanke
Bernanke
Let Peace Begin With Me Editorial Quote
A 1988 Pulitzer winning editorial page note from Laura Dennis and Ken Brodnax emphasizes freedom as self-control and a God given gift. The piece asserts liberty aligns with moral guides like the Coveting Commandment, the Golden Rule, and the Declaration of Independence.
Jacob Sullum Reason editor and syndicated columnist
Jacob Sullum is a senior editor for Reason magazine and a syndicated columnist. The article directs readers to Kansas City for more details on his work and profile.
MENTIONED IN THIS ARTICLE
Sullum
Reason Magazine
Dissent Overruled in Case on School Strip Search Policy
The 9th Circuit faces a dissent by Judge Hawkins over a strip search of 13 year old Savana Redding in 2003 for ibuprofen. The majority found the search violated the Fourth Amendment, while Hawkins argues the search was reasonable under the circumstances amid evolving school drug policies and Supreme Court precedent.
MENTIONED IN THIS ARTICLE
Michael Hawkins
U.S. Court of Appeals
9Th Circuit
Savana Redding
Arizona
Hawkins
Kerry Wilson
Savana
Wilson
U.S. Supreme Court
Supreme Court
Look outside the Beltway for energy answers
Ron Hart argues governments fail to solve energy problems and urges adopting free market ideas from business leaders like T Boone Pickens. He cites Pickens plan to cut foreign oil imports, advocates wind power, and urges locating wind farms where wind is strong, even joking about the Capitol.
MENTIONED IN THIS ARTICLE
Ron Hart
Ronald Reagan
Jack Nicholson
Washington
Obama
America
Or .Org
T. Boone Pickens
Iraq
Nowhere
ww.PickensPlan.com
U.S. Capitol Building
D.C
Hart
Odessa Roughnecks Threaten Undefeated Squad In Semifinal
The Odessa American praises the Odessa Roughnecks for pushing an undefeated team to a close league semifinal, inviting reader opinions via email and noting a thumbs nomination on freedom.com for future commentary.
MENTIONED IN THIS ARTICLE
Odessa Roughnecks
Odessa
Freedom.com
Also Mentioned on This Page
Orla Ric
Ps Feu
Oaletters
Patrick Canty
Laura Dennis
Ken Brodnax
Jacob Sullum
Kansascity.com
Gary Brookins
Richmond
Beltway
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