Larry Lindsey, with his profound knowledge of Washington ways, has absolutely nailed the principal guiding motto of all regulatory bureaucracies: "Cross us and we will make you pay."

Why are some balance sheets better for certain assets than others? Well, some are less leveraged, some have longer-term funding, some have government favors and subsidies, and some may just be stuffees.

Many thanks to John Stossel for articulating the combination of incompetence and bureaucratic will to power that characterizes the TSA. The TSA represents a huge victory for Islamic terrorists over the people of the U.S. How these terrorists must roar with self-satisfied laughter when they contemplate the TSA busily harassing...

In a recent letter, Martin Lobel describes as "intellectually bankrupt" our arguments against S. 940 and S. 2204, two recent bills that would have imposed unfavorable tax rules on five large oil companies that would not have applied to other taxpayers. Unfortunately, Lobel mischaracterizes our analysis of why the bills violate the rule of law.

Sir, Gillian Tett is distorting history by understatement ("The banks that politicians can be seen to embrace", February 18). She writes: "During the savings and loans crisis of the 1980s dozens of small banks collapsed." Dozens? Between 1982 and...

The following is a letter to the editor in response to an April 8 op-ed in The Financial Times on the possibility of countries opting to leave the eurozone.

National Mortgage News (December 19) asks, "Can Regulators Prevent the Next Systemic Risk Crisis?" Probably not.  Certainly not, if they can't even define the central term, "systemic risk."  As Donna Borak writes, "The chief obstacle to heading off systemic risk turns out to be agreeing on a definition for...

Sir, Edward Luce's description of the competing views in the US about both the financial crisis and a supposed "crisis of capitalism" was a caricature, particularly his discussion of the view he ascribed to the Republicans ("America's three views on the crisis", March 19).