Panel discussion on what kinds of financial systems, banking, mortgage securitization, central banking, and related economic effects can we expect in the post-bubble world and if we find something new or just business as usual.

By next year, about two-thirds of American physicians will be working as salaried employees of large groups and hospitals. This movement has been underway for years. Over the last decade, the number of independent physicians was falling by about 2% a year. But these trends are now accelerating. 

Was the Dodd-Frank Act necessary? This and related questions will be addressed by two panels of experts with widely difference perspectives.

James Grant--one of the most skeptical, insightful, and witty writers on the adventures and foibles of financial markets--chronicles the various epidemics of investment excesses that have erupted over the past decade in his new book, Mr. Market Miscalculates (Axios Press, November 2008). Grant investigates, among other topics, mass psychology in...

ShoreBank's nonperforming loans and dismal financial condition showed it was not much of a business.

Three recent reports have warned that excessive regulation, litigation risk, and lack of regulatory coordination are contributing to the gradual erosion of U.S. financial services preeminence. Now, a fourth report, by the Blue Ribbon Commission on Competitiveness established by the Financial Services Roundtable, contains some important and unconventional recommendations for...

In less than twenty-five years, government “affordable housing” and other housing policies have turned a healthy market into a financial ruin. Until Fannie and Freddie’s market dominance and the government’s role in the housing finance system are substantially reduced or eliminated, the United States will continue to have an inferior and unstable housing market.

Since 1999, the Basel Committee on Banking Supervision, which consists of the bank supervisors of almost all developed countries, has been struggling to adopt a new capital adequacy framework for commercial banks. The Basel Committee’s bank capital proposal, known as Basel II, has been amended several times and still has...