Thursday’s recommended reading – #Koch digest

Kochs refuse support to Trump (Politico)

Bernie Snders says immigration is a right wing Koch brothers plot (TheFreeman)

Dodd-Frank is causing a concentration of banking (CharlesKochInstitute)

Growing Pains: Dodd-Frank’s Third Anniversary Has It All Been Worth It?

10:00 – 11:00 a.m. Panel 1: Did Dodd-Frank End Too Big to Fail or Create a New Class of TBTF Firms? Moderator: Louise Bennetts, Associate Director, Financial Regulation Studies, Cato Institute Jeremiah Norton Director, Federal Deposit Insurance Corporation James Donnellan Vice President, Government Relations, Metlife Inc. Tony Fratto Former White House Deputy Press Secretary and Partner, Hamilton Place Strategies 11:00 a.m. – noon Panel 2: Legislation through Regulation: Dodd-Frank’s Impact on Market Efficiency and the Rule of Law Moderator: Mark Calabria Director, Financial Regulation Studies, Cato Institute Paul Atkins Former Commissioner, U.S. Securities and Exchange Commission Michael Bright Senior Financial Policy Advisor, Office of Senator Bob Corker Marcus Stanley Americans for Financial Reform 12:15 pm Luncheon Speaker When President Barack Obama signed the Wall Street Reform and Consumer Protection Act (Dodd-Frank) into law on July 21, 2010, he promised that “because of this law, the American people will never again be asked to foot the bill for Wall Street’s mistakes.” Three years on, the implementation of Dodd-Frank has turned out to be more costly, lengthy, and complex than most proponents anticipated. As of July 1, 2013, nearly 63 percent of the rulemaking deadlines under Dodd-Frank have been missed. To mark Dodd-Frank’s third anniversary, panelists will discuss whether Dodd-Frank really addressed the root causes of the 2008 financial crisis, the implementation progress to date, and the way forward.

Cato Conference Monday, July 22, 2013 from 10:00 a.m. – 1:15 p.m. Luncheon Included Cato Institute, 1000 Massachusetts Ave., N.W., Washington, D.C. 20001. To register to attend this event, click the button below and then submit the form on the page that opens, or email events@cato.org, fax (202) 371-0841, or call (202) 789-5229by noon on Thursday, July 18, 2013.

If you can’t make it to the Cato Institute, watch this event live online atwww.cato.org/live and follow @CatoEvents on Twitter to get future event updates, live streams, and videos from the Cato Institute.

Upcoming Cato Events: July 11, 2013: Policy Forum Public Opinion on U.S. Foreign Policy – What Is It, and How Does It Matter? July 18, 2013: Book Forum Money, Gold, and History July 19, 2013: Policy Forum The Korean War, Sixty Years On: Whither the U.S.-South Korean Alliance and Relations with North Korea July 22, 2013: Conference Growing Pains: Dodd-Frank’s Third Anniversary: Has it all been worth it? July 26, 2013: Policy Forum What Economists Think about Immigration July 28 – August 2, 2013: Conference Cato University 2013 September 17, 2013: Conference 12th Annual Constitution Day

Bad history, worse policy: How a false narrative about the financial crisis led to the Dodd-Frank Act – Economics – AEI

Bad history, worse policy: How a false narrative about the financial crisis led to the Dodd-Frank Act – Economics – AEI

About This Event

Since the passage of the Dodd-Frank Act in 2010, US economic growth has slowed. When the Volcker Rule is finalized, state and local governments will experience increased borrowing costs. The largest financial institutions will dominate the market, with funding advantages over their smaller rivals. The adverse effects of Dodd-Frank will seriously outweigh its benefits. Why did a law with these deficiencies pass in Congress?

Peter Wallison’s new book “Bad History, Worse Policy: How a False Narrative about the Financial Crisis Led to the Dodd-Frank Act,” (AEI Press, January 2013) provides the answer: the act was based on a false narrative about the causes of the financial crisis. This book release event will examine how a mistaken view of an event leads to bad policy decisions.

Copies of Wallison’s new book will be available at the event.

If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.

Agenda

11:45 AM

Registration and Buffet Lunch

12:15 PM

Presentation:

Peter J. Wallison, AEI

Panelists:

Wayne Abernathy, American Bankers Association

John Allison, Cato Institute

Hester Peirce, Mercatus Center at George Mason University

 Moderator:

Alex Pollock, AEI

1:45 PM

Coffee Reception and Book Signing

Event Contact Information

For more information, please contact Lori Sanders at lori.sanders@aei.org, 202.862.7172.

Media Contact Information

For media inquiries, please contact MediaServices@aei.org, 202.862.5829.