With the recent publication of its final rule, the federal government's Financial Stability Oversight Council is now in position to designate certain nonbank firms as "systemically important financial institutions" (SIFIs). There is probably no aspect of the Dodd-Frank Act that will have more damaging effects on competition in the U.S. financial system.

I hope you will leverage your efforts by supporting our various campaigns to get major donors like USAID to spend their money, our taxpayer money, effectively.

Even if a quick solution were to be found for the banks' capital inadequacy problem, it is unlikely that the hedge funds' deleveraging process would be arrested.

Banks have been heavily regulated, ostensibly for stability. Yet in thecurrent crisis, banks are suffering and unregulated hedge funds are doing fine.

Critics have renewed their calls to tax the carried interest as ordinary income. Unfortunately, the populist rhetoric used by some critics can obscure the facts about how carried interest is actually taxed.

Are hedge funds really to blame for all the ills that befall the international financial system?

What are hedge funds? How do they affect markets and industries?