Category: Testimony

Paulson on Mark to Market Accounting

During former Treasury Secretary Paulson’s interview with Larry Kudlow last night, Larry asked him about the role of mark to market accounting in the financial crisis. Secretary Paulson defended mark to market accounting. However, his context and his examples came from his many years of investment banking at Goldman Sachs where assets are traded daily […]

Credit Card Regulation and Unintended Consequences: Bringing Back old Memories

Yesterday's one-sided Senate vote to increase regulation of credit cards brought back some old mixed memories. My first testimony to a legislative body was to a Committee of the Maryland Legislature in the early 1980s warning them of the likely unintended consequences if they put a limit on credit card interest as they were proposing […]

Testimony before the Senate Education Committee on Senate Bill 1506

Testimony before the Senate Education Committee on Senate Bill 1506 By Robert D. McTeer Distinguished Fellow National Center for Policy Analysis March 29, 2007 Madam Chair, Senators, my name is Bob McTeer.  I'm representing the National Center for Policy Analysis, which is a nonpartisan, free-market think tank headquartered in Dallas.  Before coming to NCPA, I […]