BPC Blog

“When Measuring Big Banks’ Subsidy, First Count the Costs,” op-ed in American Banker
By Aaron Klein and Peter Ryan

“Estimates of a funding advantage for large banks need to take into account the full measure of the post-Dodd-Frank legislative and regulatory response. Studies need to account for the impact of all the policy changes put in place after the crisis, as well as the regulatory regime that goes with them. With that broader view, hopefully the debate can shift back towards a conversation about the hard work of making financial reform more effective, boosting economic growth and protecting consumers.”

Erdoğan has effectively established a system that is neither parliamentary nor presidential, but simply personalized

On August 10, Turks go to the polls in an election widely expected to deliver another electoral victory for Turkey’s strongman, Prime Minister Recep Tayyip Erdoğan. His election is likely to be the result of a now-typical combination of circumstances: a formidable campaign machine, a weak opposition, a strong economy – but also a widespread use of administrative and financial resources that have tilted Turkey’s electoral playing field, and means that the country’s elections may still be free, but certainly not fair. Erdoğan will view his election as a coronation; as a confirmation that he is now the undisputed leader of Turkey. Few will note that he is technically moving to a less powerful position – and in this sense, the main implication of his move to the presidential palace is likely to be a further de-institutionalization of power in Turkey.

While much of the bill’s funding will sunset after two years, Congress will face pressure to extend it permanently

Several weeks ago, we blogged about bills circulating in the House and Senate that would reform the Department of Veterans Affairs (VA) and provide new healthcare options for veterans. Today, President Obama signed a compromise bill championed by Sen. Bernie Sanders (I-VT) and Rep. Jeff Miller (R-FL), the leaders of a conference committee tasked with ironing out differences between the two bills. BPC applauds lawmakers for reaching across the aisle on this critical issue, though we are concerned about the bill’s fiscal implications.

QUESTION: Americans now hold close to $1.2 trillion in outstanding student loan debt making it the second largest form of consumer debt after home mortgages. What are the implications for housing markets, household formation, and economic mobility for the next generation? Are there creative approaches to reduce the burden?

The Subprime Education Crisis
By David A. Smith

Remember the subprime housing crisis? Now we have a subprime education crisis. This one is worse in two ways: asset-value recovery and a flawed governance model that is simply making the problem worse.

On June 2, 2014, the U.S. Environmental Protection Agency (EPA) proposed the Clean Power Plan’s guidelines to states for regulating carbon dioxide (CO2) emissions from existing power plants under section 111(d) of the Clean Air Act. In the proposal, EPA defines the “best system of emission reduction” based on four building blocks and calculates state-specific goals from CO2 reduction measures under the four building blocks. The following presentation provides an overview of the EPA proposal, with a focus on the state goals.

Last week, BPC hosted an event with two panels of experts focusing on the child migration crisis at the southern border. The first panel featured former Acting Commissioner of the U.S. Customs and Border Protection (CBP) David. V. Aguilar, Director of Migrant Rights & Justice at the Women’s Refugee Commission Michelle Brané, and former Department of Homeland Security (DHS) Secretary Michael Chertoff. 

The Bipartisan Policy Center applauds Senator Bernie Sanders (I-VT) and Representative Jeff Miller (R-FL) for working out a much-needed compromise on Veterans Affairs reform. Senator Sanders and Representative Miller, the Chairmen of the Senate and House Committees on Veterans’ Affairs, respectively, hammered out a weekend negotiation that many members of both parties can agree on. 

BPC holds panel on retirement security and personal savings

Five of the foremost experts on different phases of the American retirement system met at BPC on July 30 in an attempt to outline the real state of workers’ preparedness for retirement. While the main theme of the panel was “heterogeneity,” meaning that every individual faces a different retirement challenge, they all agreed that “it’s a crisis for you if you’re not prepared.”

Releases handout on 2014 Farm Bill programs that support healthy farms and healthy people

The worlds of farm policy and food policy often operate in silos, though there is more alignment between their goals than is regularly recognized, and efforts to promote this alignment are increasing.

The Federal Reserve Board supervises over a quarter of the insurance industry

It is rumored that the Financial Stability Oversight Council (FSOC) will this week designate MetLife Inc., one of the country’s largest life insurers, as a “systemically important financial institution” (SIFI), making it the fourth non-bank financial company and third insurance company to be designated as a SIFI. Under the Dodd-Frank Act, designated institutions are subject to regulation and supervision by the Federal Reserve Board.


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