Eight years after the nation's financial system began its rapid slide into calamity, we all know why. Greedy Wall Street operators, aided by the repeal of the 1933 Glass-Steagall Act and only feebly regulated by the Bush administration, ran wild in the pursuit of greater profits for the rich. Eventually many big banks failed and were bailed out by taxpayers. But in 2010, President Barack Obama and the Democratic Congress took bold action to create powerful new government regulatory machinery. Still, much more regulation is needed to forestall future damage. This narrative of the economic debacle is heavily promoted in the mainstream media and by regulators. But in Hidden in Plain Sight, financial scholar Peter Wallison argues that the story is laughably false. Reviewer John McClaughry writes that the book's main contribution may be to point out that the next crisis will likely be caused by people peddling—or at least believing—a false narrative about the last one.
The FBI Seized Heirlooms, Coins, and Cash From Hundreds of Safe Deposit Boxes in Beverly Hills, Despite Knowing 'Some' Belonged to 'Honest Citizens'
Victims of the FBI's constitutionally dubious raid say they've been told to come forward and identify themselves if they want their stuff back.
The new framework aims to keep everyone learning at the same level for as long as possible.
Hernan Palma is suing after he says he was punched in the face and his family restrained by cops during a botched no-knock drug raid.
How pretextual traffic stops got the judicial stamp of approval.
Biden Claims 5 Past Fed Chairs Back His Jobs Plan, but 2 Are Dead and 2 More Have Been Quiet About It
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