banking industry

March 24, 2017

Has Brexit ended bank-bashing?

In 2012, François Hollande ran for president of France by saying, “My true enemy … is the world of finance.” This month, the Socialist’s former economy minister, Emmanuel Macron, maintained his lead in the race to succeed Hollande by highlighting his work as an investment banker for Rothschild & Co. Continue Reading...

June 23, 2015

Uncle Sam As Financial Enabler

Economist Nicole Gelinas, a fellow at the Manhattan Institute, explains the recent financial crisis in this brief video. Did banks fail us? No, she says. The problem is that the U.S. Continue Reading...

October 02, 2012

Dodd-Frank: The Other Serious Threat

At least Obamacare comes at us head on. The greater legislative threat may be the one that most Americans have never heard of. Economist Scott Powell and Acton friend Jay Richards explain in a new piece in Barron’s: While Obamacare received more attention, the Wall Street Reform and Consumer Protection Act, also known as Dodd-Frank after its Senate and House sponsors, … unleashed a new regulatory body, the Consumer Financial Protection Bureau, to operate with unprecedented power. Continue Reading...