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 the latest Financial Services Outlook, American Enterprise Institute (AEI) housing experts Peter Wallison and Edward Pinto explain how decades of government intervention have gravely harmed America's housing market.

As a result of the high loan limits and the suppression of private securitization through the obstacles and disincentives listed below, approximately 90% of all originations and 99% of all securitizations are now government guaranteed. This is an ongoing liability for the taxpayers and an unhealthy fiscal position for the United States.

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 Financial Stability Oversight Council is now prepared to designate 'systematically important financial institutions', another step towards creating an unhealthy and dangerous relationship between the biggest financial firms and the federal government. Read AEI financial services expert Peter Wallison's detailed insights on how this change poses a serious threat to the US financial system.

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.

The Financial Crisis Inquiry Commission only produced a narrative about the financial crisis, not a coherent description of what caused the financial crisis.

The question the Financial Crisis Inquiry Commission should have answered--and did not--was why there were so many bad mortgages outstanding in 2008?