Featuring Alex Kozinski, Judge, U.S. Court of Appeals for the Ninth Circuit; and J. Harvie Wilkinson III, Judge, U.S. Court of Appeals for the Fourth Circuit; moderated by Tim Lynch, Director, Project on Criminal Justice, Cato Institute.
So many Americans are concerned with how “Washington isn’t listening to them,” and candidates like Bernie Sanders, Donald Trump, and Ben Carson are stoking that outrage. But maybe Washington isn’t listening because it is so big that only mobilized special interests have the resources and incentives to pay attention. Maybe big government will never really pay attention to the people. If this is so, then maybe people should stop trying to control each other so much.
American leaders have cooperated with regimes around the world that are, to varying degrees, repressive or corrupt. Such cooperation is said to serve the national interest. But these partnerships also contravene the nation’s commitments to democratic governance, civil liberties, and free markets. In Perilous Partners, authors Ted Galen Carpenter and Malou Innocent provide a strategy for resolving the ethical dilemmas between interests and values faced by Washington.
The Cato Institute has released its 2014 Annual Report, which documents a dynamic year of growth and productivity. “Libertarianism is the philosophy of freedom,” Cato’s David Boaz writes in his book, The Libertarian Mind. “It is the indispensable framework for the future.” And as the new report demonstrates, the Cato Institute, thanks largely to the generosity of our Sponsors, is leading the charge to apply this framework across the policy spectrum.
The Role of the Community Reinvestment Act in the Financial Crisis
Featuring Edward Pinto, Mortgage Consultant and former Chief Credit Officer at Fannie Mae; Hon. Bruce Morrison, Former Congressman and Former Chair, Federal Housing Finance Board; Robert Litan, Vice President for Research and Policy, Kauffman Foundation and Senior Fellow, Brookings Institution; Mark Stamm, Principal, Stamm Mortgage Management; and John Taylor, National Community Reinvestment Coalition. Moderated by
Mark Calabria, Director, Financial Regulation Studies, Cato Institute.
Few topics related to the recent financial crisis have generated so much heat, yet so little light, than the debate surrounding the role of the Community Reinvestment Act and its impact on mortgage lending standards. While regulators and the community groups strongly defend the act, many economists have pointed to CRA as an important driver behind the lowering of underwriting standards. The panelists will present original data and research on the impact of CRA and its role in the financial crisis.