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Economists' Committee for Stable, Accountable, Fair and Efficient Financial Reform

September 2009 -- The Economists' Committee for Stable, Accountable, Fair and Efficient Financial Reform (SAFER) is a focal point, clearinghouse and coordinating mechanism for progressive economists and analysts to gather and present their views on financial re-regulation and reform; to reach, to the degree possible, a consensus on the key issues relating to regulation and reform; and to help incorporate this work into the public debate over these issues that will ensue over the coming six  to nine months or so. By bringing these analysts together to speak in a concerted voice, we will be able to broaden the perspective on financial regulation and reform, and enhance our impact on this public debate.

>> SAFER was founded by economists Gerald Epstein and Jane D'Arista.
Read more about them and the other analysts involved with SAFER here.

SAFER Policy Notes

1) Jane D'Arista: Leverage, Proprietary Trading and Funding Activities  

2) Jane D'Arista: Proposals to Regulate Proprietary Trading

3) James Crotty: Destructive Compensation Practices in Bonus-Driven Financial Firms

SAFER Policy Briefs

1) Jane D’Arista: Leverage, Proprietary Trading and Funding Activities

2) Jane D’Arista: Repairing the Damage Securitization Caused

3) Ahmed M. Diomande, Robert Pollin & James Heintz: Why U.S. Financial Markets Need a Public Credit Rating Agency

4) Dean Baker: Right to Rent: Responding to the Housing Crisis

5) Robert Pollin: Credit Allocation Policies to Advance Financial Stability and Social Welfare 

6) Tom Schlesinger: Federal Reserve Accountability

7) Gerald Epstein: Taming High Finance: Why the Obama-Geithner Plan Won’t Work

8) Jim Campen: Reforming Mortgage Lending

9) Jennifer Taub: Recommendations for Reality-Based Regulatory Reform of Hedge Funds and Other Private Pools of Capital

10) Rob Parenteau: Addressing “Too Big to Fail”: It Will Take More than New Capital Requirements

11) Arjun Jayadev & Robert A. Johnson: The High Costs of the Banker Bail-out: What should be done?

12) William K. Black: Resolving Systemically Dangerous Financial Institutions

13) Dean Baker & Travis McArthur: The Value of the "Too Big to Fail" Bank Subsidy

14) Tom Ferguson: Too Big to Fail? A Brief Guide for the Perplexed

15) Thomas I. Palley: A Better Way to Regulate Financial Markets: Asset Based Reserve Requirements

16) James Crotty: Destructive Compensation Practices in Bonus-Driven Financial Firms

Congressional testimony

Jane D'Arista on Systemic Regulation (October 29, 2009)

William K. Black on Executive Compensation (October 28, 2009)

Robert A. Johnson on the Derivative Market (October 7, 2009)

James K. Galbraith on the Functions of the Federal Reserve (July 9, 2009)

Kathleen Keest on Enhancing Consumer Financial Products Regulation (June 24, 2009)

SAFER Participants in the Media

Gerald Epstein & Dean Baker, featured in "Smaller Banks May Be Forced To Subsidize "Too Big To Fail;" Leading House Dem Wants To Change That" Huffington Post, November 19, 2009

Jane D'Arista: "The Roots of Casino Capitalism" on The Real News Network, November 12, 2009

William Greider: "The Money Man's Best Friend," The Nation, November 11, 2009

Thomas Palley: "A Better Way to Regulate Financial Markets: Asset Based Reserve Requirements," Financial Times Forum, November 10, 2009.

James Crotty, featured in "Bank Bonus Rain" New York Times Economix blog, November 2, 2009.

William Black, featured in "We've Bailed out the Banks. When Do We Go After the Crooks Behind our Financial Collapse?" The Village Voice, October 27, 2009.

Jeff Madrick, featured in "Goldman Can Spare You a Dime" New York Times op ed, October 18, 2009.

William Greider: "Nice Work If You Can Get It," The Nation, October 15, 2009.

William Greider: "Memo to Investigators: Dig Deep," The Nation, October 8, 2009.