Dissent from the majority report of the Financial Crisis Inquiry Commission / Peter J. Wallison.

Format:

Book

Author/Creator:

Wallison, Peter J.

Language:

English

Subjects (All):

Global Financial Crisis, 2008-2009.

United States. Financial Crisis Inquiry Commission.

United States.

Physical Description:

viii, 99 pages : illustrations ; 28 cm

Place of Publication:

Washington, DC : American Enterprise Institute, 2011.

Summary:

Peter J. Wallison is the only member of the Financial Crisis Inquiry Commission (FCIC) to release a formal dissent to the FCIC 's official report on the causes of the financial crisis. Wallison, codirector of financial policy studies at the American Enterprise Institute, argues that the FCIC 's 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.

Notes:

Includes bibliographical references.

ISBN:

9780844772301

0844772305

9780844772318

0844772313

OCLC:

705717063