In a new book entitled “Financing Failure: A Century of Bailouts,” Vern McKinley provides the most detailed account yet of the government’s decision-making process during these momentous events.

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.

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In light of the academic challenge to the notion of competitiveness, AEI has gathered experts to research the value of the concept of competitiveness in different spheres. How do we define competitiveness, and is it worth pursuing as a policy goal? In what way do countries compete in various areas, including international trade, financial services and health care? 

During President Obama’s recent trip to Asia, he announced the outlines for a Trans-Pacific Partnership (TPP) agreement with nine Asian nations. AEI has assembled a group of trade policy experts to explore the immediate and long-term future of the TPP negotiations and assess their regional negotiations in the context of broader U.S. trade policy goals.

Many Americans resent banks' roles in the financial crisis and in home foreclosures, and are angered at huge salaries paid by firms that received taxpayer money. These feelings are understandable, but not the entire picture.

Failures in the regulation of large complex financial institutions played an important role in the financial crisis.