Peter Wallison

Arthur F. Burns Fellow in Financial Policy Studies
Peter Wallison
  • Co-director of AEI’s program on Financial Policy Studies
  • Former General Counsel of the United States Treasury Department
  • Frequently testifies before committees of Congress and contributes to op-ed pages of the Wall Street Journal
  • Expert speaker on financial services, recessions, and the Dodd-Frank act

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Peter J. Wallison holds the Arthur F. Burns Chair in Financial Policy Studies and is co-director of AEI’s program on Financial Policy Studies. Prior to joining AEI, he practiced banking, corporate and financial law at Gibson, Dunn & Crutcher in Washington, D.C., and New York. Mr. Wallison has held a number of government positions.  From June 1981 to January 1985, he was General Counsel of the United States Treasury Department, where he had a significant role in the development of the Reagan Administration's proposals for deregulation in the financial services industry. During 1986 and 1987, Mr. Wallison was White House counsel to President Ronald Reagan, and between 1972 and 1976, he served first as Special Assistant to New York's Gov. Nelson A. Rockefeller and, subsequently, as counsel to Mr. Rockefeller as vice president of the United States.

Mr. Wallison is admitted to practice before the courts of New York and the District of Columbia, and he is a member of the District of Columbia Bar Association.  He received his undergraduate degree from Harvard College in 1963 and law degree from Harvard Law School in 1966.

Mr. Wallison is the author of Ronald Reagan: The Power of Conviction and the Success of His Presidency, published in December 2002 by Westview Press. On financial or regulatory matters, he is the author of Back From the Brink, a proposal for a private deposit insurance system, and co-author of Nationalizing Mortgage Risk: The Growth of Fannie Mae and Freddie Mac; The GAAP Gap: Corporate Disclosure in the Internet Age; and Competitive Equity: A Better Way to Organize Mutual Funds, all of which were published by AEI. He is also the editor of Optional Federal Chartering and Regulation of Insurance Companies, and Serving Two Masters, Yet Out of Control: Fannie Mae and Freddie Mac, also published by AEI. On campaign finance, he is the author (with Joel Gora) of Better Parties, Better Government, (AEI Press 2009). His most recent book is Bad History, Worse Policy: How a False Narrative about the Financial Crisis Led to the Dodd-Frank Act (AEI Press 2013)

He testifies frequently before committees of Congress, and is a frequent contributor to the op-ed pages of the Wall Street Journal and other print and online journals. He has also been a speaker at many conferences on financial services, housing, the causes of the financial crisis, the Dodd-Frank Act, accounting, and corporate governance, and is a member of the Shadow Financial Regulatory Committee, the Council on Foreign Relations, the SEC Advisory Committee on Improvements to Financial Reporting (2008), co-Chair of the Pew Financial Reform Task Force (2009), and a member of the congressionally- authorized Financial Crisis Inquiry Commission (2009-2011). In May 2011, for his work in financial policy, Mr. Wallison received an honorary doctorate in Humane Letters from the University of Colorado.

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Peter Wallison on his New Book and The Future of the Economy

Regulation of mutual funds
Regulation of banking, securities, and insurance
Housing policy
GSEs (Fannie Mae and Freddie Mac)
Financial services
Financial markets
Corporate governance
Causes of the financial crisis
Campaign finance
Accounting policy

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