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<title>Mark A. Calabria (Author at The Cato Institute)</title>
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<link>http://www.cato.org/people/mark-calabria</link>
<managingEditor>amast@cato.org (Andrew Mast)</managingEditor>
<description>
The Cato Institute seeks to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets and peace. Toward that goal, the Institute strives to achieve greater involvement of the intelligent, concerned lay public in questions of policy and the proper role of government.
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				<url>http://www.cato.org/people/images/lowres/calabria.jpg</url>
				<title>Mark A. Calabria (Cato Institute)</title>
				<link>http://www.cato.org/people/mark-calabria</link>
				<description>Mark A. Calabria</description>
				<width>100</width>
				<height>160</height>
			</image><item>
				<title>Fixing Mortgage Finance: What to Do with the Federal Housing Administration? (Briefing Paper)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=14069</link>
				<description><![CDATA[While Fannie Mae, Freddie Mac, and private subprime lenders have deservedly garnered the bulk of attention and blame for the mortgage crisis, other federal programs also distort our mortgage market and put taxpayers at risk of having to finance massive financial bailouts.

The most prominent of th...]]></description>
				<pubDate>Mon, 06 Feb 2012 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=14069</guid>
			</item>
			<item>
				<title>A Lack of Accountability: The Real Obscenity at the SEC (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=14079</link>
				<description><![CDATA[Thanks mainly to the efforts of the Inspector General at the Securities and Exchange Commission (SEC), we know that the agency's staff was nothing less than asleep at the wheel as imbalances and frauds built up in our financial system. Worse, we also know several employees spent a considerable porti...]]></description>
				<pubDate>Mon, 06 Feb 2012 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=14079</guid>
			</item>
			<item>
				<title>Obama's Unwelcome Mat (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=14051</link>
				<description><![CDATA[In his State of the Union address, President Obama let us know that he will be "sending this Congress a plan that gives every responsible homeowner the chance to save about $3,000 a year on their mortgage, by refinancing at historically low interest rates."

What he failed to tell us is that such ...]]></description>
				<pubDate>Thu, 26 Jan 2012 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=14051</guid>
			</item>
			<item>
				<title>Fannie And Freddie Need to Go (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=13975</link>
				<description><![CDATA[Recent actions against Fannie Mae and Freddie Mac by the Securities and Exchange Commission (SEC) also produced the standard reaction by GSE apologists. The New York Times &#8217;Joe Nocera was quick to denounce the SEC, arguing that Fannie and Freddie were late to subprime. While I agree that the S...]]></description>
				<pubDate>Sun, 01 Jan 2012 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=13975</guid>
			</item>
			<item>
				<title>On the Private Mortgage Market Investment Act, Part 2 (Congressional Testimony)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=13917</link>
				<description><![CDATA[Chairman Garrett, Ranking Member Waters, and distinguished members of the Subcommittee, I thank you for the invitation to appear at today's important hearing. I am Mark Calabria, Director of Financial Regulation Studies at the Cato Institute, a nonprofit, non-partisan public policy research institut...]]></description>
				<pubDate>Wed, 07 Dec 2011 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=13917</guid>
			</item>
			<item>
				<title>Dodd-Frank Law: Regulations Won't Fix What's Wrong (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=13910</link>
				<description><![CDATA[The new Consumer Financial Protection Bureau in many ways exemplifies the problem with the Dodd-Frank financial reform: It ignores the underlying causes of the financial crisis while pursuing an unrelated partisan agenda.

Advocates of the new agency argue that regulators put too much emphasis on ...]]></description>
				<pubDate>Mon, 05 Dec 2011 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=13910</guid>
			</item>
			<item>
				<title>More Ratings, Not Fewer (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=13824</link>
				<description><![CDATA[In the midst of a crisis, politicians and regulators all too often believe they can restore "confidence" by silencing the bearers of bad news. Witness the common banning of short selling whenever bank stocks take a tumble, as if speculators were to blame for the problems at Lehman or Fannie Mae. The...]]></description>
				<pubDate>Fri, 04 Nov 2011 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=13824</guid>
			</item>
			<item>
				<title>Fed Created a Recipe for Disaster in Housing Market (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=13790</link>
				<description><![CDATA[Yes, there has been no entity more central to inflating the housing bubble and rescuing banks during the crisis than the Federal Reserve. At the heart of these errors has been a departure from the Fed's mandate of keeping credit and money growth in line with the real economy. 

Much is made of the...]]></description>
				<pubDate>Mon, 24 Oct 2011 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=13790</guid>
			</item>
			<item>
				<title>The Obama Administration's Response to the Housing Crisis (Congressional Testimony)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=13745</link>
				<description><![CDATA[Chair Biggert, Ranking Member Gutierrez, and distinguished members of the Subcommittee, I thank you for the invitation to appear at today's important hearing. I am Mark Calabria, Director of Financial Regulation Studies at the Cato Institute, a nonprofit, non-partisan public policy research institut...]]></description>
				<pubDate>Thu, 06 Oct 2011 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=13745</guid>
			</item>
			<item>
				<title>Audit the Fed: Dodd-Frank, QE3, and Federal Reserve Transparency (Congressional Testimony)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=13746</link>
				<description><![CDATA[Chairman Paul, Ranking Member Clay, and distinguished members of the Subcommittee, I thank you for the invitation to appear at today's important hearing. I am Mark Calabria, Director of Financial Regulation Studies at the Cato Institute, a nonprofit, non-partisan public policy research institute loc...]]></description>
				<pubDate>Tue, 04 Oct 2011 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=13746</guid>
			</item>
			<item>
				<title>Bad for Taxpayers and Whales (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=13733</link>
				<description><![CDATA[Congress created the National Flood Insurance Program in 1968 as a way to reduce the expense of federal disaster assistance. The idea was that those choosing to live in harm's way should contribute ahead of time to their own assistance. Instead, the program has grown into a disaster of its own, curr...]]></description>
				<pubDate>Mon, 03 Oct 2011 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=13733</guid>
			</item>
			<item>
				<title>New Ideas for Refinancing and Restructuring Mortgage Loans (Congressional Testimony)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=13668</link>
				<description><![CDATA[Chairman Menendez, Ranking Member DeMint, and distinguished members of the Subcommittee, I thank you for the invitation to appear at today's important hearing. I am Mark Calabria, Director of Financial Regulation Studies at the Cato Institute, a nonprofit, non-partisan public policy research institu...]]></description>
				<pubDate>Wed, 14 Sep 2011 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=13668</guid>
			</item>
			<item>
				<title>A Short History of the Greenback (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=13638</link>
				<description><![CDATA[Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary SystemBy Barry EichengreenOxford University Press, USA, $27.95, 224 pages

This short, accessible book about the U.S. dollar by Barry Eichengreen, an economics professor at the University of Californ...]]></description>
				<pubDate>Tue, 06 Sep 2011 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=13638</guid>
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