The financial crisis has highlighted the institutional features of our financial system and regulatory policies that unexpectedly resulted in financial instability.

Everyone knows who the Democratic nominee will be. This gives Barack Obama all sorts of advantages. But unity and enthusiasm are not the same thing. Everyone in the family can agree to eat Aunt Sally’s leftover casserole, but that doesn’t mean they’re going to be excited about it.

The SEC now is seeking public comment on how to improve its process for retrospective reviews of existing rules.

Are global corporations cleaning up their supply chains? The debate over the abysmally low wages paid to workers in emerging economies illustrates the difficulty. There are two conflicting narratives, both tied to China.

The massive underfunded pension funds of states and municipalities and the precarious status of the budgets of these entities have received wide publicity recently.

Last week, the Administration released its eagerly awaited report on reforming the housing finance market. The Dodd-Frank Act had omitted consideration of the government sponsored enterprises (Fannie Mae and Freddie Mac) because they were perceived to be sufficiently important to warrant separate consideration.

The airline market in North America is more regulated than in the EU, where a policy change in 1997 resulted in more routes, more airline competitors, and lower fares.

In AEI's latest Financial Services Outlook, AEI scholar Peter Wallison discusses the government's housing finance reform efforts.