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.

Since the adoption of the Gramm-Leach-Bliley Act of 1999, which eliminated Glass-Steagall limits on affiliations between banks and securities firms, there have been renewed allegations that banks are discounting their loans in order to capture underwriting business for their securities affiliates. This conference will consider an important study by AEI...

During the recent campaign season, the Democrats blamed the financial crisis on “Republican deregulation,” in particular the Gramm-Leach-Bliley Act of 1999 (GLBA) and the Commodity Futures Modernization Act of 2000 (CFMA). The GLBA repealed the provisions of the Glass-Steagall Act of 1933 that prevented affiliations between commercial and investment banks,...

The FDIC Improvement Act of 1991, based on the lessons of FSLIC and the 1980s, was thought to have solved the problems of deposit insurance--obviously, it did not.

The deregulation plan advanced for the banking industry was part of the U.S. Treasury's contribution to the implementation of President Ronald Reagan's philosophy.

Reimposing Glass-Steagall restrictions on affiliation between banks and securities firms will not prevent the conflicts of interest that truly should be prevented.

The only banking deregulation in recent years was that of Fannie and Freddie.

Barack Obama's claim that the financial crisis is due to Republican deregulation depends on ignoring several important facts.