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Micah Hauptman
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Micah Hauptman works in Washington, D.C. as the Financial Policy Counsel for Public Citizen's Congress Watch division. Public Citizen is a national nonprofit with over 225,000 members and supporters. Congress Watch engages in legislative advocacy, strategic research, and grassroots organizing on a range of issues including financial reform, money in politics, access to justice, and consumer, worker, and environmental protection. Prior to joining Public Citizen, Micah worked as a prosecutor in Los Angeles, California. He received a B.A. from U.C.L.A. and J.D. from Pacific McGeorge School of Law.

Blog Entries by Micah Hauptman

How the Megabanks Just Played the SEC and Shut Out Their Shareholders

(6) Comments | Posted March 14, 2013 | 1:30 PM

Shareholders of the global megabanks JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley have just been silenced. Previously, the shareholders attempted to exert their longstanding ability to present proposals to be voted on at the banks' annual shareholder meetings, in accordance with Section 14(a) of the Securities Exchange Act...

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A Lesson From The Heritage Foundation's Economic Freedom Index

(27) Comments | Posted August 21, 2012 | 3:47 PM

What do Hong Kong, Singapore, Australia, and Switzerland have in common? They are four of the top five ranked countries in the conservative Heritage Foundation's 2012 Index of Economic Freedom.

The Heritage Foundation scores countries based on a variety of factors, including the extent to which they...

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A Danger Lurking in the Shadows

(0) Comments | Posted May 23, 2012 | 1:40 PM

An unaddressed cause of the 2008 financial crisis was banks' reliance on elaborate schemes called repurchase agreements, or "repos," to fund their operations. Four years later, usual suspects like Goldman Sachs, JPMorgan Chase and Bank of America remain heavily dependent on them, endangering the financial system, as shown in a...

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The SAFE Banking Act Will Do What Financial Regulators Thus Far Have Not

(12) Comments | Posted May 10, 2012 | 4:42 PM

The federal government has yet to learn the overarching lesson of the 2008 financial crisis -- that too much risk concentrated in and between the largest financial institutions is a recipe for disaster. Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy --...

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The Power to Break Up the Big Banks

(7) Comments | Posted January 25, 2012 | 4:06 PM

The idea that behemoth banks should be broken up is widespread and bipartisan, embraced by regulators and politicians alike.

Regulators -- past and present -- including Simon Johnson, Richard Fisher and Thomas Hoenig have offered public support for downsizing and reforming "too big to...

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Balanced Budget Amendment Follies

(8) Comments | Posted October 12, 2011 | 2:30 PM

This post was co-authored by Marshall Auerback and Micah Hauptman.

"Balance the budget!" It's the endlessly repeated narrative heard in Washington. Implicit in this narrative is that budget deficits are crippling our economy and the U.S. government is on the verge of insolvency. If we only imposed strict fiscal...

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The Logic of Ponzi Finance

(0) Comments | Posted August 19, 2011 | 11:08 AM

This post was co-authored by Dr. Eric Tymoigne and Micah Hauptman.

When you think of Ponzi schemes, fraudsters like Bernie Madoff come to mind. However,
Ponzi schemes are not always the result of a few crooks; they can also be a common practice used by society to...

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