Paul Ryan's Views on Banking Issues

August 14, 2012 12:50 PM

(Image: Bloomberg News)

Repeal the FDIC's Resolution Powers

Ryan's budget proposal seeks to repeal a part of the Dodd-Frank law that would allow the FDIC to wind down and dismantle a failing banking company. Because the FDIC could borrow money from the Treasury for this purpose, Ryan dubs it a "bailout regime." Others strongly disagree with this characterization. (Image: Bloomberg News)

Repeal the Fed's dual mandate

In 2008, Ryan authored a bill that would strip the Fed of its statutory responsibility to focus on "employment" in addition to "price stability." (Image: Bloomberg News)

Revamp FHA's budget

Ryan's budget calls for the use of fair-value scoring for all federal credit programs, such as the Federal Housing Administration. He argues the current budgetary treatment of FHA loans understates their cost. (Image: Bloomberg News)

Strengthen the Volcker Rule?

At a town hall meeting in Wisconsin on May 4, Ryan appeared to support the Volcker Rule, a provision in Dodd-Frank that would ban banks from engaging in proprietary trading. "If you're a bank and you want to operate like some non-bank entity like a hedge fund, then don't be a bank. Don't let banks use their customers money to do anything other than traditional banking." (Image: Bloomberg News)

Privatize the GSEs

Ryan's budget says Fannie Mae and Freddie Mac should be unwound and privatized, a longtime goal of conservative Republicans. One way to phase them out would be to cap the value of a home that the government-sponsored enterprises can insure. (Image: Bloomberg News)

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