Dissent from the Majority Report of the Financial Crisis Inquiry Commission

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Dissent from the Majority Report of the Financial Crisis Inquiry Commission by Peter J. Wallison, AEI Press
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Author: Peter J. Wallison ISBN: 9780844772318
Publisher: AEI Press Publication: May 16, 2011
Imprint: AEI Press Language: English
Author: Peter J. Wallison
ISBN: 9780844772318
Publisher: AEI Press
Publication: May 16, 2011
Imprint: AEI Press
Language: English

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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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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