Category: Federal supremacy

Mr. Punch and his regulatory slapstick: Part 3, No proprietary purpose

21 August, 2015 (10:00) | Banking, Cities, Community Reinvestment Act, de Blasio, Deposits, Federal supremacy, Housing, Lending, New York City, Pre-emption, Punch and Judy show, Regulation, US News |

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith As we saw yesterday, after then-mayor Bloomberg vetoed the Responsible Banking Act, the City Council overrode his veto by a huge margin (46 to 5), and when they did, the members, such as City Councilor Albert Vann, were understandably triumphant: “The […]

Mr. Punch and his regulatory slapstick: Part 2, An improper measure of oversight

20 August, 2015 (10:00) | Banking, Cities, Community Reinvestment Act, de Blasio, Deposits, Federal supremacy, Housing, Lending, New York City, Pre-emption, Punch and Judy show, Regulation, US News |

[Continued from yesterday’s Part 1.] By: David A. Smith A combative fellow is Mr. Punch, fearless in the making of political sausages: Sources used in this post Crain’s New York Business (5 August 2015: buff blue font) Crain’s New York Business (10 August 2015) New York Times (August 11, 2015; siena font) Wall Street Journal […]

Mr. Punch and his regulatory slapstick: Part 1, Void in its entirety

19 August, 2015 (10:00) | Banking, Cities, Community Reinvestment Act, de Blasio, Deposits, Federal supremacy, Housing, Lending, New York City, Pre-emption, Punch and Judy show, Regulation, US News |

By: David A. Smith Wherein we begin the show with as much merriment as possible. That’s the Way to Do it!  For Mr. Punch, a slapstick is for smacking people, the more the merrier, so when Mr. Punch is mayor of all the New Yorkers, then he will use the slapstick whenever he can, even […]

The curse of the Gray PERL: Part 9, “CalPERS has bullied its way about with an iron fist”

19 June, 2015 (10:00) | Bankruptcy, California, Federal supremacy, Law, Municipal bankruptcy, Politics, Public-employee pensions, Speculation, Stockton, US Constitution, US News |

 By: David A. Smith [Continued from yesterday’s Part 8 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.] Finally, with all the proximate bankruptcy facts (explained in detail in Stockton Judge Christopher Klein’s bankruptcy decision and opinion In re City of Stockton) cleared away – Franklin […]

The curse of the Gray PERL: Part 8, “Promises of higher pensions to get through labor negotiations”

18 June, 2015 (10:00) | Bankruptcy, California, Federal supremacy, Law, Municipal bankruptcy, Politics, Public-employee pensions, Speculation, Stockton, US Constitution, US News |

 By: David A. Smith [Continued from yesterday’s Part 7 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.] Yesterday’s post having concluded with a Sidebar of Outrage over CalPERS’s exploitation of the duress cities found themselves in after Proposition 13 (explained from material in Stockton Judge Christopher Klein’s […]