By John Suggs, RBFL Student Editor Jerome Powell, Chair of the Federal Reserve’s Board of Governors, has previously said that “the Fed has lending powers, not spending powers.” Yet, this contrast between monetary and fiscal policy has become much less stark in the face of the Fed’s emergency lending programs under section 13(3) of the […]
By Michael Murphy, RBFL Student Editor The Coronavirus pandemic has thrust the world into the worst financial crisis since the Great Depression. To stymie the devastating effects of business shutdowns, mass layoffs, and supply chain disruptions that shocked the United States economy instantaneously in March 2020, the Federal Reserve activated its lending powers under Section […]
By Jake Schanne, RBFL Student Editor The Commodities Future Trading Commissions (CFTC) issued a Final Ruling on July 23, 2020 removing registration requirements for swap dealers and major swap participants. The Ruling replaced a 2013 Guidance that had technically been unenforceable, but was largely followed. The decision was issued 3-2 in a partisan split with […]
By Laura Stavisky, RFBL Student Editor In recent years, more companies are going public through an unconventional model. Rather than endure the IPO process, companies are opting to merge with a Special Purpose Acquisition Company (SPAC) instead. A SPAC is a company which is created for the sole purpose to acquire a private company which […]