By Richard Epstein on October 3, 2014

This post originally appeared on Forbes: My recent post on Forbes.com, written in my capacity as a consultant to several institutional investors, expressed my deep dissatisfaction with the thunderbolt that Judge Royce Lamberth launched (without argument or discovery no less) in Perry Capital LLC v. Lew  against the private shareholders of Fannie Mae and Freddie […]

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By David S. Evans on October 1, 2014

The European Commission’s proposed payments card legislation and the common position reached by the European Parliament in April 2014 will harm competition, innovation, and consumers if broadly endorsed by the European Council in the coming months. The interchange fee price caps will soften competition between MasterCard and Visa, the global four-party bankcard systems, and disadvantage […]

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By David S. Evans on September 26, 2014

This article was originally posted at Pymnts.com on September 25, 2014: Just about everyone seemed absolutely giddy over Tim Cook’s breathless announcement of how Apple is revolutionizing payments. I’m hoping now that maybe, with a couple of weeks’ of distance and with at least some of you experiencing the buggy iOS8 operating system, I can […]

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By Richard Epstein on September 25, 2014

by Richard A. Epstein at the Hoover Institution: In September 1970, the late Milton Friedman published a bold manifesto entitled The Social Responsibility of Business is to Increase its Profits in the New York Times Magazine, where he argued that businesses do not need to engage in various charitable or public-spirited activities, even those that […]

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By Richard Epstein on September 10, 2014

This article by Richard Epstein appeared in Forbes Magazine, September 10, 2014. Right now litigation is going forward on multiple fronts in the multi-billion battle over who gets the billions of dollars in new cash flow and deferred tax assets now that Fannie Mae and Freddie Mac have both turned profitable.  The government strategy is […]

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By Todd Zywicki on September 8, 2014

This first appeared in the Washington Post on September 5, 2014 As readers know, I have a major concern about the regulatory response to the financial crisis. An unintended consequence of regulation is that it can raise costs, reduce competition, and choke off access to legitimate sources of credit for consumers. And yet, it has […]

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