With the recent publication of its final rule, the federal government's Financial Stability Oversight Council is now in position to designate certain nonbank firms as "systemically important financial institutions" (SIFIs). There is probably no aspect of the Dodd-Frank Act that will have more damaging effects on competition in the U.S. financial system.

It’s depressing to watch, but it is missing the point that the Volcker rule would not have prevented the loss and is probably unworkable.

The $2 billion loss by JPMorgan Chase has reawakened debate about whether banks are taking excessive risks, but many facts have gotten lost in the breathless media coverage.

The financial crisis was not caused by the disorderly bankruptcy of Lehman Brothers, but by a common shock to all firms: the decline in mortgage values after the housing bubble collapsed, exacerbated by mark-to-market accounting.

The risk-retention requirements of the Dodd-Frank Act (DFA) were enacted in the belief that they would improve the quality and reduce the risk of securitized mortgages by requiring securitizers to have ―skin in the game.

The real name of the Dodd-Frank Act should be the "Faith in Bureaucracy Act." This is a faith I do not share. I see no evidence that the human minds operating in regulatory bureaucracies, and driven to political defense and expansion of their own jurisdiction and power, have any superior insight into the unknowable future and its ineradicable uncertainty.

Friedrich Hayek, the famous free-market critic of central planning, were he alive today, would have the same views as US conservatives about ObamaCare and the Dodd-Frank Act.

America is eroding its social infrastructure, the nation's last competitive advantage.