That person's name is Peter Wallison.
He has dispelled more myths and provided more insights than all other scholars and commentators combined. If you want to know what triggered the financial crisis and why Federal policy misdiagnosed both the illness and the appropriate treatment, all you have to do is read this book. Peter Wallison reveals how government failures, not market failures, produced the financial crisis. With sound logic and solid evidence, he explains how the Left's blind faith in unaccountable regulators and its institutionalization of government bailouts have made our financial system less safe.
Expert: Narrative of the financial crisis is wrong
Peter Wallison was right on the dangers posed by the GSEs; in time he will also be proven right on the origins of the financial crisis and the flaws of the Dodd-Frank Act. One is a compilation of 30 essays written from to by Wallison fellow and codirector, American Enterprise Institute's program on financial policy studies for the "Financial Services Outlook" series.
The essays are divided into three topical sections: Fannie Mae and Freddie Mac and other government-sponsored enterprises, the financial crisis, and a critique of the Dodd-Frank Act.
The second, shorter book consists of original narratives introducing each section, plus an introductory and a concluding chapter showing how provisions of the Dodd-Frank Act are based on flawed premises about causes of the financial breakdown beginning in , and suggesting section-by-section changes to the act. The former book provides an account of the financial crisis beginning in as it developed; the latter, an interpretation of those events with the benefit of hindsight.
This volume is polemical in dealing with this topic. General readers; students, upper-division undergraduate and up; professionals. Peter J. Wallison is the Arthur F.
The Worst Five Years Since the Great Depression
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Wallison holds the Arthur F. Wallison has held a number of government positions. From June to January , he was General Counsel of the United States Treasury Department, where he had a significant role in the development of the Reagan Administration's proposals for deregulation in the financial services industry.
- Loving Mick (The New Years Eve Club Book 1).
- The Big Lie Annotated: An AEI History Of The Financial Crisis?
- Sketches and Eccentricities of Colonel David Crockett of West Tennessee (With Interactive Table of Contents).
During and , Mr. Nelson A. Rockefeller and, subsequently, as counsel to Mr. Rockefeller as vice president of the United States. Wallison was admitted to practice before the courts of New York and the District of Columbia, and is retired from practice in New York.