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.

American Enterprise Institute economist Peter Wallison explains why the recent JP Morgan losses are proof that the Volcker Rule is unworkable and should be abandoned.

In a new book entitled “Financing Failure: A Century of Bailouts,” Vern McKinley provides the most detailed account yet of the government’s decision-making process during these momentous events.

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.

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Ben S. Bernanke has been nominated to replace Alan Greenspan as chairman of the Federal Reserve Board of Governors on February 1, 2006. Bernanke is widely expected to advocate that the Fed move away from a...

It is not progress to move toward a one-size-fits-all financial system based entirely on behemoth universal depository banks.

The bankruptcy of Lehman Brothers and the takover of Merrill Lynch by Bank of Americaoffer important lessons for policymakers.

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Statement No. 252For Information Contact:Charles W. Calomiris212-854-8748Richard J. Herring215-898-5613

With the encouragement of the US Treasury three leading participants in the mortgage-backed securitization market--Bank of America, Citibank...