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. The lawyers in the firm are also counsel to the international law firm, Squire Patton Boggs.

ISSUE: #74, September 2016

The Longbrake Letter
- Bill Longbrake
In previous letters Bill Longbrake has discussed the growing imbalances in the global economic and political fabric. Because there is much at stake the established political and financial elite have an enormous vested interest to maintain stability at all costs. To date they have been successful. But, let there be no doubt that events are gradually undermining the foundation of the old order. In this month's letter Bill examines US productivity, a much too neglected topic but one that is key to real economic growth and our society's well-being in the long run. The course we are on is unhealthy but not inevitable.

The Service Member: A Protected Class in Consumer Finance
- Bob Barnett
The Dodd-Frank Act was intended to raise mortgage underwriting standards and limit the use of innovative mortgage terms. Nevertheless, the FHFA recently proposed a regulation that would require Fannie and Freddie to get back into the subprime business and develop new innovative mortgages to increase home ownership. Is FHFA bringing back the discredited practices of the past?