||27 of 29 people found the following review helpful.| An Irrefutable Argument: Essential Reading|By Q|The analysis here of causes of the 2008 financial crisis is wholly persuasive, well-documented, and clearly written. The crisis began with the Federal Government's desire to "help" low-income Americans borrow money in order to buy homes they could not afford, and it did so by making such loans directly through the FHA or throug|About the Author|
Peter J. Wallison holds the Arthur F. Burns Chair in Financial Policy Studies and is codirector of the American Enterprise Institute’s program on Financial Policy Studies. From June 1981 to January 1985, he was General Counsel of the
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 conventional narrative is that the financial crisis was caused by Wall Street greed and insufficient regulation of the financial system. That narrative produced the Dodd-Frank Act, the most comprehensive financial-system regulation since the New Deal. There is evidence, however, that the Dodd-Frank Act ... [PDF.ty37] Hidden in Plain Sight: What Really Caused the World's Worst Financial Crisis—and Why It Could Happen Again Rating: 4.75 (536 Votes)
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