In less than twenty-five years, government “affordable housing” and other housing policies have turned a healthy market into a financial ruin. Until Fannie and Freddie’s market dominance and the government’s role in the housing finance system are substantially reduced or eliminated, the United States will continue to have an inferior and unstable housing market.

Long-term pressure to expand homeownership connects government policies to both the housing bubble and the poor quality of the mortgages on which it is based.

Any proposals that substantially increase regulatory burden and regulatory risk must be considered in light of the government's intense need to attract very large amounts of additional private equity capital into the banking system.

If AIG was not too big to fail, why did the government rescue it? And why do we need to turn the financial system upside down?

If the financial crisis was caused by subprime mortgages and predatory lending, the government's own policies made it happen.

AEI's Peter J. Wallison and Alex J. Pollock offer their opinions on the proposed Consumer Financial Protection Agency.

The fundamental flaws in the housing finance provisions of the DFA cannot be repaired by regulation; they should be repealed and replaced by a plan developed at AEI.

Property-and-casualty insurance companies will almost inevitably fall victim to the proposed "systemically significant" designation and regulation.