On the heel of the recent JP Morgan fiasco, American Enterprise Economist John Makin makes the case for how Dodd-Frank is an insufficient guarantor of financial stability.

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.

Testimony before the Federal Deposit Insurance Corporation on the legality of Wal-Mart's application to acquire an ILC (Industrial Loan Corporation).

Now is no time to further distort the market.

The FDIC provides a function that conservatives should embrace.

Accounting standards need to be rethought.

Is the policy of separating banking and commerce after the adoption of the Gramm-Leach-Bliley Act in 1999still based on any comprehensible rationale or is it now simply superstition?

The Dodd-Frank legislation has many problems and omissions, and much is still uncertain about implementation. But the new liquidation authority provides for the possibility of making it so that future crises do not involve the bailouts of creditors that truly embodied the problem of having banks that are too big to fail.