Arthur E. Wilmarth

George Washington University Law School

Professor of Law

2000 H Street, N.W.

Washington, DC 20052

United States

http://https://www.law.gwu.edu/arthur-e-wilmarth-jr

  • George Washington University Law School

SCHOLARLY PAPERS

38

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Scholarly Papers (38)

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1.

The Dark Side of Universal Banking: Financial Conglomerates and the Origins of the Subprime Financial Crisis

Connecticut Law Review, Vol. 41, No. 4, 2009, GWU Law School Public Law Research Paper No. 468, GWU Legal Studies Research Paper No. 468
Number of pages: 89 Posted: 13 May 2009
Arthur E. Wilmarth
George Washington University Law School
Downloads 5,546 (1,766)
Citation 4

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universal banks, financial conglomerates, securitization, subprime financial crisis, too big to fail

2.

The Dodd-Frank Act: A Flawed and Inadequate Response to the Too-Big-To-Fail Problem

Oregon Law Review, Vol. 89, pp. 951-1057, 2011, GWU Legal Studies Research Paper No. 516, GWU Law School Public Law Research Paper No. 516
Number of pages: 108 Posted: 04 Dec 2010 Last Revised: 22 Apr 2011
Arthur E. Wilmarth
George Washington University Law School
Downloads 2,759 (5,959)
Citation 1

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Dodd-Frank Act, systemic risk resolution, systemic risk insurance fund, too big to fail, narrow banks, financial conglomerates

3.

The Transformation of the U.S. Financial Services Industry, 1975-2000: Competition, Consolidation and Increased Risks

Number of pages: 262 Posted: 20 Jan 2005
Arthur E. Wilmarth
George Washington University Law School
Downloads 2,613 (6,483)
Citation 8

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4.

Citigroup: A Case Study in Managerial and Regulatory Failures

Indiana Law Review, Vol. 47, pp. 69-137, 2014, GWU Legal Studies Research Paper No. 2013-139, GWU Law School Public Law Research Paper No. 2013-139
Number of pages: 69 Posted: 21 Dec 2013 Last Revised: 19 Oct 2014
Arthur E. Wilmarth
George Washington University Law School
Downloads 1,740 (12,548)

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bailout, Citigroup, financial conglomerates, Glass-Steagall, regulatory failures, risk management failures, systemically important financial institutions, too big to fail, universal banks

5.

Conflicts of Interest and Corporate Governance Failures at Universal Banks During the Stock Market Boom of the 1990s: The Cases of Enron and Worldcom

GWU Law School Public Law Research Paper No. 234, GWU Legal Studies Research Paper No. 234, CORPORATE GOVERNANCE IN BANKING: A GLOBAL PERSPECTIVE, Benton E. Gup, ed., Edward Elgar Publishing Ltd., 2007
Number of pages: 57 Posted: 19 Dec 2006
Arthur E. Wilmarth
George Washington University Law School
Downloads 1,501 (15,831)

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corporate governance, conflicts of interest, universal banks, Enron, WorldCom, Gramm-Leach-Bliley

6.

Turning a Blind Eye: Why Washington Keeps Giving In to Wall Street

University of Cincinnati Law Review, Vol. 81, No.4, 2013, GWU Legal Studies Research Paper No. 2013-117, GWU Law School Public Law Research Paper No. 2013-117
Number of pages: 165 Posted: 20 Sep 2013
Arthur E. Wilmarth
George Washington University Law School
Downloads 1,175 (22,849)
Citation 3

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bailout policies, Brown-Vitter bill, Dodd-Frank Act, financial services industry, political influence, regulatory arbitrage, regulatory capture, systemic risk, systemically important financial institutions, too big to fail

7.

How Should We Respond to the Growing Risks of Financial Conglomerates?

Number of pages: 90 Posted: 28 Nov 2001
Arthur E. Wilmarth
George Washington University Law School
Downloads 1,111 (24,826)
Citation 4

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8.

Reforming Financial Regulation to Address the Too-Big-To-Fail Problem

Brooklyn Journal of International Law, Vol. 35, pp. 707-783, 2010, GWU Legal Studies Research Paper No. 509, GWU Law School Public Law Research Paper No. 509
Number of pages: 77 Posted: 21 Jul 2010 Last Revised: 18 Oct 2010
Arthur E. Wilmarth
George Washington University Law School
Downloads 1,060 (26,552)

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deposit insurance, financial conglomerates, financial regulatory reform, subprime financial crisis, systemic risk, too-big-to-fail, universal banks, narrow banks

9.

Does Financial Liberalization Increase the Likelihood of a Systemic Banking Crisis? Evidence from the Past Three Decades and the Great Depression

Arthur E. Wilmarth, TOO-BIG-TO-FAIL: POLICIES AND PRACTICES IN GOVERNMENT BAILOUTS, Benton E. Gup, ed., Quorum Books, Greenwood Publishing Group, 2003
Number of pages: 43 Posted: 19 May 2004
Arthur E. Wilmarth
George Washington University Law School
Downloads 899 (33,562)

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10.

Subprime Crisis Confirms Wisdom of Separating Banking and Commerce

Banking & Financial Services Policy Report, Vol. 27, No. 5, pp. 1-18, May 2008, GWU Law School Public Law Research Paper No. 436, GWU Legal Studies Research Paper No. 436
Number of pages: 19 Posted: 05 Sep 2008
Arthur E. Wilmarth
George Washington University Law School
Downloads 755 (42,645)
Citation 1

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subprime lending crisis, separation of banking and commerce, deposit insurance, federal safety net, industrial loan companies, systemic risk

11.

Did Universal Banks Play a Significant Role in the U.S. Economy's Boom-and-Bust Cycle of 1921-33? A Preliminary Assessment

GWU Legal Studies Research Paper No. 171, Current Developments in Monetary and Financial Law, Vol. 4, pp. 559-645, 2005
Number of pages: 88 Posted: 28 Oct 2005
Arthur E. Wilmarth
George Washington University Law School
Downloads 641 (53,057)
Citation 1

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Banking Panics,Glass-Steagall,Great Depression,Universal Banks

12.

The Dodd-Frank Act's Expansion of State Authority to Protect Consumers of Financial Services

Journal of Corporation Law, Vol. 36, pp. 893-954, 2011, GWU Law School Public Law Research Paper No. 572, GWU Legal Studies Research Paper No. 572
Number of pages: 63 Posted: 22 Jul 2011
Arthur E. Wilmarth
George Washington University Law School
Downloads 494 (73,541)
Citation 3

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Consumer Financial Protection Bureau, Dodd-Frank Act; predatory lending, preemption, regulatory capture, state regulation of financial institutions

13.

Narrow Banking: An Overdue Reform that Could Solve the Too-Big-To-Fail Problem and Align U.S. And U.K. Regulation of Financial Conglomerates

Banking & Financial Services Policy Report , Vol. 31, Nos. 3-4, 2012, GWU Legal Studies Research Paper No. 2012-40, GWU Law School Public Law Research Paper No. 2012-40
Number of pages: 36 Posted: 03 May 2012
Arthur E. Wilmarth
George Washington University Law School
Downloads 492 (73,908)

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Dodd-Frank, financial conglomerates, narrow banking, orderly liquidation, ring-fencing, safety net subsidies, systemically important financial institutions

14.

The Occ's Preemption Rules Exceed the Agency's Authority and Present a Serious Threat to the Dual Banking System and Consumer Protection

Number of pages: 140 Posted: 20 Aug 2004
Arthur E. Wilmarth
George Washington University Law School
Downloads 482 (75,813)
Citation 1

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Consumer Protection, Dual Banking System, National Banks, Preemption

15.

Wal-Mart and the Separation of Banking and Commerce

Connecticut Law Review, Vol. 39, May 2007, GWU Legal Studies Research Paper No. 271, GWU Law School Public Law Research Paper No. 271
Number of pages: 85 Posted: 08 May 2007
Arthur E. Wilmarth
George Washington University Law School
Downloads 477 (76,770)
Citation 1

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Separation of banking and commerce, industrial banks, consolidated supervision, federal safety net subsidies

16.

The Road to Repeal of the Glass-Steagall Act

GWU Law School Public Law Research Paper No. 2017-61, GWU Legal Studies Research Paper No. 2017-61
Number of pages: 109 Posted: 28 Aug 2017 Last Revised: 02 Nov 2017
Arthur E. Wilmarth
George Washington University Law School
Downloads 461 (79,966)
Citation 1

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Bank Holding Company Act, Glass-Steagall Act, universal banks

17.

Too Big and Unable to Fail

Arthur E. Wilmarth, Jr. and Stephen J. Lubben, Too Big and Unable to Fail, 69 FLA. L. REV. 1205 (2017)., GWU Law School Public Law Research Paper No. 2016-44, GWU Legal Studies Research Paper No. 2016-44, Seton Hall Public Law Research Paper
Number of pages: 47 Posted: 16 Sep 2016 Last Revised: 13 Apr 2018
Stephen J. Lubben and Arthur E. Wilmarth
Seton Hall Law School and George Washington University Law School
Downloads 421 (89,027)

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Chapter 14, Dodd-Frank Act, Financial Conglomerates, Orderly Liquidation Authority, Single Point of Entry, Systemically Important Financial Institutions, Total Loss-Absorbing Capacity, Too Big to Fail, Universal Banks

18.

Cuomo v. Clearing House: The Supreme Court Responds to the Subprime Financial Crisis and Delivers a Major Victory for the Dual Banking System and Consumer Protection

THE PANIC OF 2008: CAUSES, CONSEQUENCES AND IMPLICATIONS FOR REFORM, Lawrence E. Mitchell and Arthur E. Wilmarth Jr., eds., Edward Elgar Publishing, 2010, GWU Legal Studies Research Paper No. 479, GWU Law School Public Law Research Paper No. 479
Number of pages: 59 Posted: 03 Nov 2009 Last Revised: 05 Nov 2009
Arthur E. Wilmarth
George Washington University Law School
Downloads 308 (126,224)

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Chevron deference, consumer protection, Cuomo v. Clearing House; dual banking system; National Bank Act; national banks; preemption; state regulation; subprime financial crisis; subprime mortgages; Watters v. Wachovia Bank; Wyeth v. Levine

19.

A Two-Tiered System of Regulation is Needed to Preserve the Viability of Community Banks and Reduce the Risks of Megabanks

2015 Michigan State Law Review, pp. 249-370, , GWU Law School Public Law Research Paper No. 2014-53, GWU Legal Studies Research Paper No. 2014-53
Number of pages: 123 Posted: 05 Nov 2014 Last Revised: 15 Jul 2015
Arthur E. Wilmarth
George Washington University Law School
Downloads 301 (129,369)
Citation 2

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bailouts, community banks, contingent convertible debt, Dodd-Frank Act, financial conglomerates, Orderly Liquidation Authority, relationship lending, systemically important financial institutions, tiered regulation, too big to fail, universal banks

20.

The Financial Services Industry's Misguided Quest to Undermine the Consumer Financial Protection Bureau

Review of Banking and Financial Law, Vol. 31, No. 2, Spring 2012, GWU Legal Studies Research Paper No. 2012-4, GWU Law School Public Law Research Paper No. 2012-4
Number of pages: 76 Posted: 10 Jan 2012 Last Revised: 28 Jan 2013
Arthur E. Wilmarth
George Washington University Law School
Downloads 296 (131,741)
Citation 1

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Consumer Financial Protection Bureau, administrative agency design, financial services industry, political influence, regulatory capture

21.

Comment Letter to the U.S. Treasury Department Concerning the Regulatory Structure for Financial Institutions

GWU Legal Studies Research Paper No. 388, GWU Law School Public Law Research Paper No. 388
Number of pages: 18 Posted: 09 Dec 2007
Arthur E. Wilmarth
George Washington University Law School
Downloads 245 (160,251)
Citation 1

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Treasury Department, Federal Reserve Board, financial institutions, banking regulation, dual banking system, financial conglomerates, too big to fail, deposit insurance

22.

Elusive Foundation: John Marshall, James Wilson, and the Problem of Reconciling Popular Sovereignty and Natural Law Jurisprudence in the New Federal Republic

Number of pages: 84 Posted: 10 May 2004
Arthur E. Wilmarth
George Washington University Law School
Downloads 222 (175,506)

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legal history

23.

The Financial Industry's Plan for Resolving Failed Megabanks Will Ensure Future Bailouts for Wall Street

50 Georgia Law Review, 2015., GWU Law School Public Law Research Paper No. 2015-36, GWU Legal Studies Research Paper No. 2015-36
Number of pages: 47 Posted: 23 Aug 2015 Last Revised: 26 Jun 2016
Arthur E. Wilmarth
George Washington University Law School
Downloads 209 (185,684)
Citation 1

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Dodd-Frank Act, financial conglomerates, Orderly Liquidation Authority, Orderly Liquidation Fund, shadow banking, single point of entry, systemically important financial institutions, too big to fail, universal banks

24.

SPOE Plus TLAC = More Bailouts for Wall Street

35 Banking & Financial Services Policy Report No. 3, at 1-14 (Mar. 2016), GWU Law School Public Law Research Paper No. 2016-9, GWU Legal Studies Research Paper No. 2016-9
Number of pages: 15 Posted: 20 Apr 2016
Arthur E. Wilmarth
George Washington University Law School
Downloads 192 (200,608)

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bail-in debt, bailouts, Dodd-Frank Act, financial conglomerates, Orderly Liquidation Authority, single point of entry, systemically important financial institutions, too big to fail, total loss-absorbing capacity, universal banks

25.

Narrow Banking as a Structural Remedy for the Problem of Systemic Risk: A Comment on Professor Schwarcz's Ring-Fencing

Southern California Law Review Postscript, Vol. 88, pp.1-10, 2014, GWU Law School Public Law Research Paper No. 2015-2, GWU Legal Studies Research Paper No. 2015-2
Number of pages: 11 Posted: 27 Feb 2015
Arthur E. Wilmarth
George Washington University Law School
Downloads 149 (249,002)
Citation 1

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Dodd-Frank Act, financial conglomerates, Glass-Steagall Act, narrow banking, ring-fencing, systemically important financial institutions, systemic risk, too big to fail, universal banks

26.

Occ V. Spitzer: An Erroneous Application of Chevron that Should Be Reversed

BNA'S BANKING REPORT, Bureau of National Affairs, Washington, DC, Vol. 86, No. 8, pp. 379-394, February 20, 2006, GWU Law School Public Law Research Paper No. 191
Number of pages: 16 Posted: 27 Feb 2006
Arthur E. Wilmarth
George Washington University Law School
Downloads 147 (251,741)

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Chevron, Deference, National Banks, Preemption

27.

Wirecard and Greensill Scandals Confirm Dangers of Mixing Banking and Commerce

40 Banking & Financial Services Policy Report No. 5 (May 2021) , GWU Legal Studies Research Paper No. 2021-23, GWU Law School Public Law Research Paper No. 2021-23
Number of pages: 22 Posted: 24 May 2021 Last Revised: 06 Oct 2021
Arthur E. Wilmarth
George Washington University Law School
Downloads 144 (256,016)

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Conflicts of interest, fintech banks, Greensill Capital, separation of banking and commerce, systemic risk, Wirecard

28.

Prelude to Glass-Steagall: Abusive Securities Practices by National City Bank and Chase National Bank During the 'Roaring Twenties'

90 Tulane Law Review 1285-1329 (2016), GWU Law School Public Law Research Paper No. 2016-35, GWU Legal Studies Research Paper No. 2016-35
Number of pages: 46 Posted: 25 Aug 2016
Arthur E. Wilmarth
George Washington University Law School
Downloads 97 (339,939)
Citation 1

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Financial Conglomerates, Glass-Steagall Act, Great Depression, Foreign Bonds, Pecora Hearings, Securities Affiliates, Universal Banks

29.

The Pandemic Crisis Shows that the World Remains Trapped in a 'Global Doom Loop' of Financial Instability, Rising Debt Levels, and Escalating Bailouts

40 Banking & Financial Services Policy Report No. 8 (August 2021), at 1-26, GWU Law School Public Law Research Paper No. 2021-34, GWU Legal Studies Research Paper No. 2021-34
Number of pages: 28 Posted: 12 Aug 2021 Last Revised: 27 Oct 2021
Arthur E. Wilmarth
George Washington University Law School
Downloads 86 (366,586)

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Bailouts, Financial Conglomerates, Glass-Steagall Act, Pandemic Crisis, Shadow Banks, Universal Banks

30.

Was Glass-Steagall's Demise Inevitable and Unimportant?

GWU Law School Public Law Research Paper No. 2018-43, GWU Legal Studies Research Paper No. 2018-43
Number of pages: 18 Posted: 03 Oct 2018
Arthur E. Wilmarth
George Washington University Law School
Downloads 82 (377,191)

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Bank Holding Company Act, Commodity Futures Modernization Act, financial conglomerates, Glass-Steagall Act, shadow banking, universal banks

31.

Written Testimony on the Credit Card Industry Before the Subcommittee on Financial Institutions and Consumer Credit of the House Committee on Financial Services, April 26, 2007

GWU Legal Studies Research Paper No. 517, GWU Law School Public Law Research Paper No. 517
Number of pages: 21 Posted: 24 Dec 2010 Last Revised: 27 Dec 2010
Arthur E. Wilmarth
George Washington University Law School
Downloads 72 (406,153)
Citation 5

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credit cards, bank consolidation, national banks, federal preemption, consumer protection, Office of the Comptroller of the Currency

32.

Taming the Megabanks: Why We Need a New Glass-Steagall Act

The FinReg Blog (Global Financial Markets Center, Duke University School of Law, Sept. 24, 2020), GWU Legal Studies Research Paper No. 2020-71, GWU Law School Public Law Research Paper No. 2020-71
Number of pages: 13 Posted: 01 Oct 2020
Arthur E. Wilmarth
George Washington University Law School
Downloads 65 (428,851)

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financial conglomerates, Glass-Steagall Act, Great Depression, Great Recession shadow banks, universal banks

33.

The OCC's and FDIC's Attempts to Confer Banking Privileges on Nonbanks and Commercial Firms Violate Federal Laws and Are Contrary to Public Policy

39 Banking & Financial Services Policy Report No. 10, at 1-25 (Oct. 2020)., GWU Legal Studies Research Paper No. 2020-81, GWU Law School Public Law Research Paper No. 2020-81
Number of pages: 26 Posted: 21 Dec 2020
Arthur E. Wilmarth
George Washington University Law School
Downloads 59 (449,966)

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Federal deposit insurance corporation, industrial banks, industrial loan companies, office of the comptroller of the currency, preemption, separation of banking and commerce, state usury laws, systemic risk

34.

The FDIC Should Not Allow Commercial Firms to Acquire Industrial Banks

39 Banking & Financial Services Policy Report No. 5 (May 2020), at 1-17, GWU Legal Studies Research Paper No. 2020-35, GWU Law School Public Law Research Paper No. 2020-35
Number of pages: 19 Posted: 04 Jun 2020
Arthur E. Wilmarth
George Washington University Law School
Downloads 58 (453,630)

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Conflicts of interest, consolidated supervision, Federal Deposit Insurance Corporation, federal safety net, industrial banks, industrial loan companies, separation of banking and commerce, systemic risk

35.

Comment Letter In Opposition to the OCC's Proposed "True Lender" Rule

GWU Legal Studies Research Paper No. 2020-49, GWU Law School Public Law Research Paper No. 2020-49
Number of pages: 23 Posted: 17 Aug 2020
Arthur E. Wilmarth
George Washington University Law School
Downloads 32 (571,291)

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Dodd-Frank Act, federal savings associations, national banks, Office of the Comptroller of the Currency, preemption, state consumer financial laws, state usury laws, true lender doctrine

36.

Explaining Variations in Bailout Policies: A Review of Cornelia Woll's the Power of Inaction

Accounting, Economics & Law - A Convivium, 6(1), pp. 5-30, 2016, DOI: 10.1515/ael-2015-0012 , GWU Law School Public Law Research Paper No. 2016-24, GWU Legal Studies Research Paper No. 2016-24
Number of pages: 27 Posted: 07 May 2016 Last Revised: 02 Jul 2016
Kelsey Barnes and Arthur E. Wilmarth
The George Washington University Law School and George Washington University Law School
Downloads 28 (594,834)

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bailouts, comparative bank rescue policies, financial crisis of 2008

37.

Comment Letter In Opposition to the OCC's Proposed 'Valid-When-Made' Rule

GWU Legal Studies Research Paper No. 2020-03, GWU Law School Public Law Research Paper No. 2020-03
Number of pages: 17 Posted: 24 Jan 2020
Arthur E. Wilmarth
George Washington University Law School
Downloads 19 (656,257)

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Dodd-Frank Act, Erie doctrine, federal common law, federal savings associations, national banks, Office of the Comptroller of the Currency, preemption, state consumer financial laws, state usury laws, valid-when-made

38.

Policy Brief: The OCC's Repeated Failures to Comply with the Dodd-Frank Act and Other Legal Authorities Governing the Scope of Preemption for National Banks and Federal Savings Associations

GWU Legal Studies Research Paper No. 2021-51, GWU Law School Public Law Research Paper No. 2021-51
Number of pages: 15 Posted: 22 Nov 2021
Arthur E. Wilmarth
George Washington University Law School
Downloads 6 (756,419)

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Dodd-Frank Act, National Banks, Office Of The Comptroller Of The Currency, Preemption