Dissent from the Majority Report of the Financial Crisis Inquiry Commission

Released on by Peter J. Wallison
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  • Dissent from the Majority Report of the Financial Crisis Inquiry Commission Book Detail

  • Author : Peter J. Wallison
  • Release Date : 2011-05-16
  • Publisher : AEI Press
  • Genre : Political Science
  • Pages : 115
  • ISBN 13 : 0844772313
  • File Size : 46,46 MB
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Dissent from the Majority Report of the Financial Crisis Inquiry Commission by Peter J. Wallison PDF Summary

Book Description: Peter J. Wallison is the only member of the Financial Crisis Inquiry Commission (FCIC) to release a formal dissent to the FCICOs official report on the causes of the financial crisis. Wallison, codirector of financial policy studies at the American Enterprise Institute, argues that the FCICOs report fails to address the cause of the deterioration in mortgage underwriting standards that led to the housing bubble widely accepted as the key factor in destabilizing the American economy. Wallison's Dissent to the Majority Report of the Financial Crisis Inquiry Commission reveals that government-mandated subprime loans, not greedy investors, were the force behind the deterioration in underwriting standards. This dissent is a must-read for anyone seeking to understand the causes of the financial crisis_and to prevent future economic collapse.

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Hidden in Plain Sight

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The 2008 financial crisis—like the Great Depression—was a world-historical event. What caused it will be debated for years, if not generations. The conventi