Phillip Swagel, Former Assistant Secretary for Economic Policy at the Treasury Department publishes exclusive slides outlining key issues of financial regulatory reform ranging from non-bank resolutions to bankruptcy such as the Frank-Dodd-Geithner proposal to tranching as an improvement to non-bank resolution.
"The Global Financial Stability Report (GFSR) assesses key risks facing the global financial system with a view to identifying those that represent systemic vulnerabilities. In normal times, the report seeks to play a role in preventing crises by highlighting policies that may mitigate systemic risks....In the current issue, the report discusses the evolution of the financial crisis and assesses the policies taken to mitigate its effects on economic activity." This important paper "also provides policy advice on navigating the financial challenges on the road to recovery for the global financial system."
"The 2008 financial market crisis and the economic recession led to a rapid and substantial increase in federal debt. This report...describes current debt management challenges and examines the role of a program that could benefit Treasury--Treasury Inflation Protected Securities (TIPS). GAO analyzed market data and interviewed experts as well as the two largest holders of Treasury securities in each of six sectors." The report concludes that the treasury should increase TIPS issuance, issue TIPS with longer-dated maturities and conduct more frequent TIPS auctions.
"The Congressional Oversight Panel's September oversight report, "The Use of TARP Funds in Support and Reorganization of the Domestic Automotive Industry," follows the money and examines how tens of billions of taxpayer dollars have been used to support Chrysler and General Motors." This is an interesting look at the ways in which Treasury negotiated with all of the players in the automotive industry.
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