MedWorm provides a medical RSS filtering service. Over 6000 RSS medical sources are combined and output via different filters. This feed contains the latest medical blog items that have been tagged with 'dodd'. Sat, 03 Sep 2011 02:54:51 +0100 http://www.medworm.com/index.php?rid=5028138&cid=t_276377_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FyZZPNvIJeBs%2F By Mark A. CalabriaIt’s probably never wise to inject oneself into the middle of a food fight, but since I think both sides actually have something right and something wrong, its been a worthwhile debate to follow.  That is the ongoing debate between Peter Wallison at the American Enterprise Institute and David Min at the Center for American Progress (at least we can all agree we love America) on the role of Fannie Mae (and Freddie Mae) in the financial crisis.  If you can’t guess, Peter says Fannie/Freddie caused the crisis, David says they didn’t. David makes an interesting point, one I’ve actually argued, in his latest retort.  That is, this wasn’t exclusively a housing crisis/bubble.  Other sectors, like commercial real estate, boomed and then went bus... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=5028138 Fri, 15 Jul 2011 12:40:43 +0100 5028138 http://www.medworm.com/index.php?rid=4992665&cid=t_276377_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FtFB6CH_fkyo%2F By Tad DeHavenAlmost 600 pages into the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act is a provision directing the Government Accountability Office to assess the feasibility of the federal government certifying organizations that provide financial literacy. The GAO released its report this week and concluded that “While a federal process for certifying financial literacy providers appears to be feasible, doing so would pose challenges.” The challenges cited by the GAO are generally of the bureaucratic variety: What agency or agencies would be in charge? What criteria would be used? How would oversight be conducted? And most importantly, how much would it cost [taxpayers] to implement and operate a federal process for certifying financial literacy providers? Fortunately... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4992665 Thu, 30 Jun 2011 19:17:43 +0100 4992665 http://www.medworm.com/index.php?rid=4921395&cid=t_276377_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FWH-VnhnyEKE%2F By Roger PilonAt POLITICO this morning we find a long opinion piece by Matt Stoller, “Public Pays Price for Privatization,” summarized as “The real infrastructure trend in America today is privatizing what is left.” If that weren’t enough to give you the flavor of the piece, the bio line tells us that “Stoller worked on the Dodd-Frank financial reform law and Federal Reserve transparency issues as a staffer for Rep. Alan Grayson (D-Fla.). He is currently a fellow at the Roosevelt Institute.” Say no more – except, there’s more to say. Stoller notes, among much else, that Kansas Gov. Sam Brownback “just turned over arts funding to the private sector, making Kansas the only state without a publicly funded arts agency.” Don’t reel in horror; the cited Los Angeles Times ... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4921395 Thu, 09 Jun 2011 14:35:59 +0100 4921395 http://www.medworm.com/index.php?rid=4862919&cid=t_276377_150_f&fid=35777&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FPharmalot%2F%7E3%2FFTY9Q97A1IU%2F After months of intense debate, the US Securities and Exchange Commission has finally announced rules to implement the whistleblower provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act. And the final version is a rebuff to many companies - including several drugmakers, such as Pfizer and GlaxoSmithKline - which lobbied for constraints. Here’s why: under the rules, employees will not be required to first report concerns internally to their employers before going to the government. Many large companies fought for the requirement, but advocates objected over concerns that legitimate problems may not be properly investigated and that employees might face retaliation (back stories here and here). “Not requiring internal reporting before providing information... Pharmalot blogs http://www.medworm.com/rss/comments.php?id=4862919 Wed, 25 May 2011 19:59:09 +0100 4862919 http://www.medworm.com/index.php?rid=4464479&cid=t_276377_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FTyNgbnj1zEA%2F By Mark A. CalabriaRemember that “tough study” promised by Senator Chris Dodd to deal with Fannie Mae and Freddie Mac?  Well it is finally out.  All 22 pages (of doubled-spaced large font).  And less than half those pages actually discuss Fannie and Freddie. While the report does say a lot of the right things — such as protecting the taxpayer — it is awfully short on any real details.  And in many areas, the report makes clear that the Obama administration intends to keep the taxpayer on the hook for future losses arising from Fannie and Freddie.  For instance, after assuring us that the GSEs will have sufficient capital to meet their obligations, including debt, the report tells us that such capital will not come from investors, but from the taxpayer.  One has to wonder wh... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4464479 Fri, 11 Feb 2011 17:00:04 +0100 4464479 http://www.medworm.com/index.php?rid=4455249&cid=t_276377_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F4L9gwS9jciU%2F By Daniel IkensonPresident Obama’s visit with the Chamber of Commerce this week has infuriated the anti-business Left.  But short of expropriation and nationalization, what doesn’t?  Robert Reich and NPR and the scribes at the Huffington Post just don’t get it.  Their man may be in the White House, but business holds the keys to the kingdom.  Whether the president’s priority is job creation or reelection, nothing matters more than sustained economic growth. And without business having confidence that policy in the United States will become more hospitable and predictable, investment and job creation will remain tepid. The president doesn’t have nearly the leverage assumed in the delusions of groups like Public Citizen, which wrote: "What America needs is not olive branches to... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4455249 Wed, 09 Feb 2011 21:49:56 +0100 4455249 http://www.medworm.com/index.php?rid=4285349&cid=t_276377_150_f&fid=35777&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FPharmalot%2F%7E3%2FZJcqK68-rK4%2F Last week, some 260 companies warned the US Securities and Exchange Commission that its proposed whistleblower program, which is mandated as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, would transform financial fraud into a veritable “gold mine” for employees. The warning (see here) was contained in a letter from the Association of Corporate Counsel and signed by lawyers from Allergan, Arcadia Biosciences, GlaxoSmithKline, Pfizer and Onyx Pharmaceuticals among many others. The law requires the SEC to pay rewards of 10 percent to 30 percent of fines and settlements extracted from enforcement actions triggered by whistleblower claims. But the ACC argues employees will be encouraged to ignore early signs of fraud and to maximize penalties and payouts. &#... Pharmalot blogs http://www.medworm.com/rss/comments.php?id=4285349 Thu, 23 Dec 2010 20:27:20 +0100 4285349 http://www.medworm.com/index.php?rid=4134255&cid=t_276377_150_f&fid=35777&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FPharmalot%2F%7E3%2FrFuvnfgIfB4%2F After months of reviews and meetings, the US Securities and Exchange Commission has proposed a whistleblower program that was mandated by Congress as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. And the agency describes its approach as “a simple, straightforward procedure for would-be whistleblowers” to provide information. To be considered for an award, the SEC says that a whistleblower must “voluntarily provide the agency with original info about a violation of federal securities laws that leads to the successful enforcement by the SEC of a federal court or administrative action in which the SEC obtains monetary sanctions totaling more than $1 million.” The issue is of concern to the pharmaceutical industry, given that many drugmakers hav... Pharmalot blogs http://www.medworm.com/rss/comments.php?id=4134255 Thu, 04 Nov 2010 13:41:59 +0100 4134255 http://www.medworm.com/index.php?rid=3845256&cid=t_276377_136_f&fid=37852&url=http%3A%2F%2Fdonnatrussell.com%2F2010%2F08%2F08%2Fdodd-frank-wall-street-reform-building-a-better-trap%2F New cartoon by Trussell & Trussell on Politics Daily. Dodd-Frank Wall Street Reform: Building a Better Trap. Filed under: Politics Daily Tagged: comics, dodd-frank, finance, glass-steagall, political cartoon, reform, wall street (Source: Donna Trussell) Donna Trussell blogs http://www.medworm.com/rss/comments.php?id=3845256 Mon, 09 Aug 2010 03:11:50 +0100 3845256 http://www.medworm.com/index.php?rid=3560219&cid=t_276377_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FEDFJwoQlI6o%2F By Mark A. CalabriaYesterday the Senate rejected an amendment by Senators McCain, Shelby and Gregg that would have capped the taxpayer losses on Fannie and Freddie at $200 billion each.  The amendment would have also brought Fannie and Freddie onto the Federal budget, forcing the government to admit what most of us already suspect: we’re on the hook for their bad behavior.  All Republicans, with the additions of Democrats Feingold and Bayh, voted for the failed amendment.  As a substitute, which passed along party lines, Senator Dodd proposed that the Treasury Department would “study” the issue and report back to Congress. While it was not surprising that Dodd lead the opposition to the McCain amendment (it is not the first time he’s protected Fannie and Freddie... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3560219 Wed, 12 May 2010 16:15:51 +0100 3560219 http://www.medworm.com/index.php?rid=3556082&cid=t_276377_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FMO5HoSibrCc%2F By Mark A. CalabriaLast week I wrote about Senator Sanders’ “compromise” with Senator Dodd and the White House on auditing the Federal Reserve.  To re-cap, the compromise would drop any auditing of monetary policy and simply focus on the Fed’s emergency lending facilities.  See my previous post for why I believe that compromise is a big win for the Fed and a loss for the American public. The good news is that Senator Sanders’ compromise does not end the debate.  Senator Vitter has filed an amendment (#3760) that mirrors the original Sanders’ amendment, including an audit of monetary policy.  With any luck, other Senators will be able to decide for themselves whether the Sanders-Dodd compromise offers sufficient transparency of the Fed’s action... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3556082 Tue, 11 May 2010 16:35:32 +0100 3556082 http://www.medworm.com/index.php?rid=3552227&cid=t_276377_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2Fxyu01UtmFH0%2F By Mark A. CalabriaOne of the puzzles of Congressional efforts to “reform” our financial system to avoid future crises is the amount of attention to lenders who had nothing to do with the crisis (almost as puzzling as the inattention to many who did). Today’s Washington Post, for instance, details the efforts of payday lenders to fight back against both Senator Dodd’s new consumer agency and Senator Hagan’s amendment, that would essentially eliminate the consumer option of payday loans. In general, any efforts to restrict consumer choice is rarely likely to improve consumer welfare.  This has been repeatedly demonstrated in research on payday lending.  Senator Hagan played a key role in banning such products in North Carolina.  What was the result of that... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3552227 Mon, 10 May 2010 18:36:00 +0100 3552227 http://www.medworm.com/index.php?rid=3475806&cid=t_276377_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FOfx9jPsfRDQ%2F By Timothy B. LeeI haven’t been following the debate over Sen. Dodd’s financial overhaul closely enough to have an opinion on the overall package, but Mike Masnick flags one aspect of the legislation that seems really troubling. Bob Litan explains: Under existing law, startup companies can raise money easily and quickly from “accredited investors” — individuals with substantial wealth or income. There is no need for the companies or the investors to gain approval from any state or regulatory official. All of this would change if Section 926 of the Dodd bill is included in any final reform legislation. That section would require, for the first time, companies seeking angel investment to make a filing with the Securities and Exchange Commission, which would hav... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=3475806 Fri, 16 Apr 2010 12:32:31 +0100 3475806 http://www.medworm.com/index.php?rid=2405027&cid=t_276377_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F51Qr1ymVBqE%2F Congress is off on another crusade, to save Americans from credit cards.  People get into debt, run up big fees, generally feel abused, and complain to their elected officials.  Never mind the obvious convenience, which is why credit cards have become an indispensable part of American commerce.  Legislators plan on micro-managing the credit terms which may be offered across America. Reports the New York Times: “We like credit cards — they are valuable vehicles for many people,” said Senator Christopher J. Dodd, Democrat of Connecticut, the chairman of the Senate banking committee and author of the measure now being considered by the Senate. “It’s when these vehicles are being abused by the card issuers at the expense of the consumers that we must step in and change the rules.�... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=2405027 Thu, 14 May 2009 13:07:07 +0100 2405027 http://www.medworm.com/index.php?rid=867459&cid=t_276377_150_f&fid=35777&url=http%3A%2F%2Ffeeds.feedburner.com%2F%7Er%2FPharmalot%2F%7E3%2F155643778%2F In conclusion, it is important to restore the public’s confidence in the integrity of the FDA’s decisions by having Congress restrict the number of waivers the FDA grants.” Share / E-mail (Source: Pharmalot) Pharmalot blogs http://www.medworm.com/rss/comments.php?id=867459 Wed, 12 Sep 2007 20:04:17 +0100 867459