Tag: John Berlau

(The Georgia Public Policy Foundation and the Competitive Enterprise Institute released this Issue Analysis that discusses the impact of federal banking laws in Georgia.) By John Berlau   Few states have been hit as hard by the financial crisis as Georgia.  With her economic engine humming and unemployment hovering around 5 percent for several years until 2008, Georgia suddenly saw thousands of mortgages our and dozens of banks fail in a slide that continues to this day. The Federal Deposit Insurance Corporation has closed at least 80 banks in Georgia since 2008, more bank failures than in any other state in the union.  Even the largest banks in the Peach State are facing a struggle.  In March, Atlanta-based Sun Trust… View Article
By Kelly McCutchen and John Berlau The news that Bank of America is again testing new fees is likely to prompt even more consumers, in Georgia and other states, to take their business away from big financial institutions and give it to regional banks and credit unions. While competition is the American way, it’s important to note that Bank of America and other banks are responding to federal price controls that raise costs for debit card processing. Now, smaller banks and credit unions (and their customers) are at risk from the same Washington price controls. These price controls, contained in the Durbin Amendment of “Dodd-Frank,” the so-called financial reform law Congress rammed through in 2010, offer no tangible benefits to… View Article

Thank you for the great work that the Public Policy Foundation is doing across our state setting a wonderful example. I first ran for the Senate in 1994, and the Foundation was that resource I called upon to be a great help to me as we were articulating positions and formulating public policy initiatives. We appreciate very much your leadership and all that you stand for.

Lt. Gov. Casey Cagle more quotes