Systemic Risk

Publications

Letter to Financial Stability Board on SIFI Oversight
Alex J. Pollock

Alex J. Pollock and Thomas H. Stanton
Washington…

, National Mortgage News
Should Fannie, Freddie be labeled ‘systemically important’?
Media Coverage

From National Mortgage News:

“If you think about the risk of the activity, guaranteeing half the mortgage market, which is their whole business and political purpose, then I think it leads you…

, Barron's
Inflation and the Fed
Alex J. Pollock

Forsyth suggests that a “‘complete financial externality’…would aptly describe the Great Financial Crisis of 2007-09.” I don’t think so. That crisis, like many others, was…

, American Banker
Is Dodd-Frank council evolving, or throwing in the towel?
Media Coverage

From American Banker:

“In my judgment at the time” the FSOC was established was that “it was not well constructed,” said Alex Pollock, a senior fellow at the R Street Institute. “It’s set up…

, Financial Times
We can’t help feeling that we today are smarter
Alex J. Pollock

Martin Wolf is certainly correct that “further financial crises are inevitable” (March 20). Let me add one more reason why this is so — another procyclical factor rooted in human nature. This…

, Financial Times
The end of ‘too big to fail’ remains difficult to picture
Alex J. Pollock

If you buy shares of stock for $100 and they fall to $30, we say, “Oh well, that’s the stock market.” If you buy a bond for $100 and it ends up paying 20 cents on the dollar, we say, “Oh…

Better late than never
Alex J. Pollock

September brought endless discussions of the 10th anniversary of the bankruptcy of Lehman Brothers and the failures of Fannie Mae and Freddie Mac. Tomorrow, Oct. 3, brings the 10th anniversary of…

Remarks at AEI’s ‘Conference on the 10th anniversary of the financial crisis’
Alex J. Pollock

Thanks, Peter. It’s a pleasure to be in a panel with such distinguished colleagues.

I’d like to begin by pointing out that, in addition to being the instructive 10th anniversary we have been…

, RealClearMarkets
S. 2155 won’t end finreg debate, but it’s an important first step
Alex J. Pollock

The U.S. House reportedly will move next week to take up and pass a modest financial regulatory reform bill already approved by the Senate – S. 2155, the Economic Growth, Regulatory Relief and…

, American Banker
Minneapolis Fed’s TBTF plan has some GSE-sized holes
Alex J. Pollock

The Federal Reserve Bank of Minneapolis this winter finalized its “Minneapolis Plan to End Too Big to Fail” — that is, a plan intended to end the problem of “too big to fail” financial…