Economics Questions

Re: Financial Regulations.

Clayton — Sat, 09 Oct 2010 21:37:17 GMT

PIMCO actually assassinates heads of state. That's how deregulated the bond market is.

Clayton -

Re: Financial Regulations.

Caley McKibbin — Sat, 09 Oct 2010 21:05:31 GMT

The Department of Justice website is about the sum of it. However, I recall Hoppe or someone citing the number of pages of regulations at two points in time. Needless to say it was dramatically higher at the later time.

Re: Financial Regulations.

CernelJoson — Fri, 08 Oct 2010 22:15:07 GMT

It's funny you should ask; I was just looking into this. I don't know of a comprehensive list of specific regulations but I made a list of agencies in the U.S. which have financial regulatory functions:

And a wikipedia article about U.S. bank regulation: Bank regulation in the United States
Amusingly the first sentence of the second paragraph begins with "The U.S also has one of the most highly regulated banking environments in the world"

Also the Mises daily Never-Ending Government Lies About Markets by Thomas J. DiLorenzo has a list of regulatory functions of the Federal Reserve:

Bank holding companies
State-chartered banks
Foreign branches of member banks
Edge and agreement corporations
US state-licensed branches, agencies, and representative offices of foreign banks
Nonbanking activities of foreign banks
National banks (with the Comptroller of the Currency)
Savings banks (with the Office of Thrift Supervision)
Nonbank subsidiaries of bank holding companies
Thrift holding companies
Financial reporting
Accounting policies of banks
Business "continuity" in case of an economic emergency
Consumer-protection laws
Securities dealings of banks
Information technology used by banks
Foreign investments of banks
Foreign lending by banks
Branch banking
Bank mergers and acquisitions
Who may own a bank
Capital "adequacy standards"
Extensions of credit for the purchase of securities
Equal-opportunity lending
Mortgage disclosure information
Reserve requirements
Electronic-funds transfers
Interbank liabilities
Community Reinvestment Act subprime lending requirements
All international banking operations
Consumer leasing
Privacy of consumer financial information
Payments on demand deposits
"Fair credit" reporting
Transactions between member banks and their affiliates
Truth in lending
Truth in savings

Hopefully that's a good start.

Re: Financial Regulations.

DD5 — Fri, 08 Oct 2010 21:11:48 GMT

You can't isolate a market like that as if it operated in isolation. Bonds or whatever can be completely not regulated but regulated financial institutions are buying and selling them. Even the Federal Reserve can buy or sell them. I don't know what point your friend was trying to make, but it can probably be shown to be fallacious even granted that some bond market is not regulated.

Re: Financial Regulations.

Sieben — Fri, 08 Oct 2010 20:54:09 GMT

I would be very surprised if there were a comprehensive list anywhere. I'm keeping my fingers crossed, but the best thing you can do is to cherry pick particularly bad regulations, the same way theleft cherry picks "deregulations

Financial Regulations.

Lagrange multiplier — Fri, 08 Oct 2010 19:48:51 GMT

Is there an online resource available that lists US regulations, especially financial ones?

A friend of mine is reading The Big Short, and he claimed (either from that book or from another source) that the bond market was completely deregulated prior to the financial crisis; I asserted that all financial markets are regulated and have been for all of recent history, but--as of yet--I've had only my hunch to back up my rebuttal (I simply can't fathom any financial market being "deregulated").

Thanks, in advance, for any help!