A quartet of conservative panelists looked at the challenges of being the minority party in a divided government during a Saturday afternoon panel at the National Review Institute Summit titled, “The Way Out of the Fiscal Mess.”
Two years after President Obama signed the 848-page Dodd-Frank Wall Street Reform and Consumer Protection Act, only a third of the nearly 400 required regulations have been finalized, and critics say the ensuing uncertainty is retarding economic growth.
The New York Federal Reserve and its then-chairman Timothy Geithner were informed as early as 2007 about problems pertaining to Libor, a critical interest rate that sets the tone in the global marketplace, according to the Washington Post.
National Security Adviser Tom Donilon collected more than $148,000 in pension payments from bailed out mortgage giant Fannie Mae in 2011, on top of his White House salary of $172,200, according to a Free Beacon analysis of White House personal financial disclosure forms.
The Treasury Department is pushing for a new batch of regulations on money market mutual funds to dispel consumer notions that the funds are backed by a government guarantee—a notion created by a bailout forced on the industry against its wishes in 2008.