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: #19, November 2011

The Longbrake Letter
- Bill Longbrake
In this month's letter Bill Longbrake reviews developments in Europe. He also examines how the U.S. economy is performing and discusses monetary and fiscal policy interventions, including the pending report of the congressional Joint Committee on Deficit Reduction. Special topics this month include a discussion of trends in income inequality in the U.S. and the evolution of “Occupy Wall Street."

Consider the Mortgage Interest Deduction
- Bob Barnett
Once again the mortgage interest deduction has become a possible target for those trying to deal with the deficit. Here are some brief thoughts about that deduction.

TILA-RESPA: Working Backwards
- Katie Wechsler
For the last six months, the Consumer Financial Protection Bureau has been developing and testing mortgage disclosures that combine the requirements of TILA and RESPA. This article provides an overview of the Bureau's process and offers some commentary on that process and the drafted forms.

Dodd-Frank Revisited: The Vatican and Paul Volcker Call for Additional Financial Reforms
- Jim Sivon
The Vatican and Paul Volcker, separately, have published papers calling for additional reforms to financial regulation. While there are some notable differences in the scope and substance of the reforms proposed in the two papers, the authors have very similar views on the causes of the crisis. This article takes a closer look at these two papers.