Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.

A new report by the American Enterprise Institute (AEI) and the Institute for the Study of War (ISW) argues that one of the greatest mistakes the United States can make is to imagine that Iranian activities in a given arena--the nuclear program, for example--are isolated from Iranian undertakings in another. The report examines those other areas

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry—including banking, insurance and securities—who meet regularly to study and critique regulatory policies affecting this sector of the economy.

Can financial reports audited by firms of independent accountants be trusted?

The time is coming for Romney to get angry, very angry, with what is increasingly, quaintly called "the mainstream media."

A failure to increase publicly funded agricultural research and development (R&D) will likely have long-term consequences for the sustainability of US agriculture in a competitive global environment and for the natural resources on which it depends.

Until Alan Greenspan’s testimony on January 25, the goal of paying off the national debt had assumed the status of conventional wisdom in Washington. Now some of the trade-offs are becoming clear. Although many people believe that tax cuts or increases in government spending can prevent the complete liquidation...

During two closed sessions before the luncheon, committee members discussed the latest in financial regulation issues. At a luncheon briefing following these sessions, SFRC members gave several statements and answered questions.