CEI Today: MetLife "too big to fail," court ruling on gov't transparency, EPA renewable fuel quotas, and Ex-Im Bank funding

Friday, September 5, 2014
In the News Today

 

METLIFE - TOO BIG TO FAIL? - JOHN BERLAU

You’re a SIFI, Charlie Brown


MetLife insurance company is poised to designated "too big to fail" by federal regulators, which means the company will be subject to new, higher regulatory burdens, just like banks. This move comes over the objections of MetLife itself.

"So why ... are Washington bureaucrats putting life insurance firms in the same risk category as big banks? One simple reason is, to borrow a famous saying attributed to bank robber Willie Sutton, that's where the money is," says CEI's John Berlau. With this designation, the firm and its policy holders can be taxed to pay for bailouts of high fliers like AIG. > Read more


> Interview John Berlau

COURT RULING ON GOV'T TRANSPARENCY CASE - HANS BADER

 

A federal judge on Thursday allowed the Competitive Enterprise Institute to proceed with its lawsuit challenging EPA's destruction of documents.
“The American people deserve transparency and accountability from the federal government, and today’s court ruling was a preliminary win in that much larger battle,” said Hans Bader, CEI Senior Counsel. “This may signal a possible end to EPA officials destroying their text messages with impunity based on their self-serving claim that all text messages are personal rather than work-related.”


> Interview Hans Bader

 

EPA'S RENEWABLE FUEL PRODUCTION QUOTAS - MARLO LEWIS

 

Globalwarming.org: Scaling Back Renewable Fuel Standard

EPA Administrator Gina McCarthy has indicated that new federal renewable fuel production quotas, originally due in June, will be released soon. CEI's Marlo Lewis has explained why EPA may be less enamoured by ethanol mandates these days. "EPA estimates that ... corn ethanol’s carbon dioxide-equivalent (CO2e) emissions were 33% higher than gasoline’s in 2012."
> Read more

> Interview Marlo Lewis
 

EXPORT-IMPORT BANK - RYAN YOUNG

Ex-Im Update


Congress comes back from its annual August recess next week. One of the top items on its agenda is deciding the Export-Import Bank’s fate. Ex-Im subsidizes financing for U.S. exporters and their foreign customers. As I outlined here, Ex-Im subsidizes certain businesses at others’ expense. It is a pro-business policy, when what the economy needs are pro-market policies. Ex-Im will also be forced to shut its doors unless Congress reauthorizes its charter by the end of September, making for a golden reform opportunity for corporate welfare opponents.  > Read more

 

> Interview Ryan Young

 

 

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CEI President Lawson Bader

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