Dissent from the Majority Report of the Financial Crisis Inquiry Commission
Book Details
Format
Paperback / Softback
ISBN-10
0844772305
ISBN-13
9780844772301
Publisher
AEI Press
Imprint
AEI Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
May 16th, 2011
Print length
112 Pages
Weight
327 grams
Dimensions
28.20 x 21.80 x 0.80 cms
Product Classification:
Central government policies
Ksh 6,500.00
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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.
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.
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