Editor's Note: This is a monthly publication on economic trends and financial policy issues. In this publication you can read "The Longbrake Letter", an analysis of economic trends and conditions written by Bill Longbrake, as well as commentary on financial regulation and policy written by members of the law firm Barnett, Sivon & Natter, P.C., a Washington, DC based law firm that specializes in financial services law.

ISSUE: #07, November 2010

The Longbrake Letter
- Bill Longbrake
In this month's letter, Bill Longbrake analyzes the outcome of the mid-term elections and discusses what it might mean for legislation over the next two years, including, in particular, extension of the Bush tax cuts and consideration of the tax reform recommendations of President Obama's Fiscal Commission. Bill also describes the Fed's recent decision to purchase $600 billion in Treasury securities and expresses the view that it will have limited favorable impact on the U.S. economy and could have disastrous global consequences.

Securitization Reforms Should Be Narrowly Crafted To Ensure that
The Benefits of Securitization Are Not Lost

- Raymond Natter
Recent legislation and agency action mandate that lenders retain some percent of credit risk in the assets sold into a securitization vehicle. This article explores the rationale for this requirement and explains why risk retention may not be the best method for addressing concerns with the securitization framework.

We May Have a Problem, Houston
- Bob Barnett
The Dodd-Frank Act has created a major tension between those who want lenders to make only very safe loans and those who want housing finance to be broadly available. The examples are so numerous and the tension is so intense that the next Congress will have to revisit many of the housing decisions made by Dodd-Frank.

Ten Proposed Changes to the Dodd-Frank Act
- Jim Sivon
This article lists ten proposed changes to the Dodd-Frank Act and invites readers to send us additional ideas.

     
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