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Banks should have to use 50% equity, not 3%-6%


BY JOSH RUDOLPH  Over the summer, US bank regulators announced that the eight largest US banks will have to maintain leverage ratios[1] (equity / total assets) of at least 5% for their holding companies and 6% for their depository institutions. This new supplement to the international standard of 3% is a step in the right direction, but […]

View from Main Street: The Case for Financial Reform


BY MARK TRUMAN In early 2009, I attempted to secure a loan through a new federal program designed to help entrepreneurs improve their cash flow by consolidating outstanding debt. As a cash-poor but profitable enterprise, my tutoring business, Omniac Education, seemed to be a perfect candidate for the program. Although we sometimes had trouble making […]

Public Finance

Smart Stimulus Amid Deepening Debt: Future-Flow Tax Credits


By William Werkmeister This article was originally published in the 2012 edition of the Kennedy School Review. Entering 2012, the world finds itself in a precarious financial position. In January of this year, the World Bank released its new economic outlook, warning of a global, double-dip recession. “An escalation of the crisis would spare no […]

Public Finance

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