At this AEI book forum, Jeffrey Friedman will present his book’s arguments, followed by comments from AEI’s Peter Wallison and Alex Pollock and a general discussion.

There is little evidence that deregulation or banks' compensation practices caused the financial crisis.

We have to face a key reality: Well-intentioned but disastrous mistakes are made by very intelligent, well-educated, highly informed people, backed by vast computing power and reams of data, but wrong nonetheless.

Efforts to encourage investor confidence are fundamentally misguided. A skeptical disposition is much better for investors and for the proper functioning of the economy as a whole.

John Gray's Bradley Lecture.

There needs to be a more refined system of risk weights and the use of ratings by private credit-rating agencies to assign risk weights to classes of assets or activities.