The Resource Hidden In Plain Sight : What Really Caused The World's Worst Financial Crisis—And Why It Could Happen Again, Peter J. Wallison, (electronic resource)

Hidden In Plain Sight : What Really Caused The World's Worst Financial Crisis—And Why It Could Happen Again, Peter J. Wallison, (electronic resource)

Label
Hidden In Plain Sight : What Really Caused The World's Worst Financial Crisis—And Why It Could Happen Again
Title
Hidden In Plain Sight
Title remainder
What Really Caused The World's Worst Financial Crisis—And Why It Could Happen Again
Statement of responsibility
Peter J. Wallison
Creator
Contributor
Subject
Language
eng
Summary
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 mostcomprehensive financial-system regulation since the New Deal. There is evidence, however, that the Dodd-Frank Act has slowed the recovery from the recession. If insufficient regulation caused the financial crisis, then the Dodd-Frank Act will never be modified or repealed; proponents will argue that doing so will cause another crisis. A competing narrative about what caused the financial crisis has received little attention. This view, which is accepted by almost all Republicans in Congress and most conservatives, contends that the crisis was caused by government housing policies. This book extensively documents this view. For example, it shows that in June 2008, before the crisis, 58 percent of all US mortgages were subprime or other low-quality mortgages. Of these, 76 percent were on the books of government agencies such as Fannie Mae and Freddie Mac. When these mortgages defaulted in 2007 and 2008, they drove down housing prices and weakened banks and other mortgage holders, causing the crisis. After this book is published, no one will be able to claim that the financial crisis was caused by insufficient regulation, or defend Dodd-Frank, without coming to terms with the data this book contains
Cataloging source
Midwest
http://library.link/vocab/creatorName
Wallison, Peter J
Dewey number
332.7/20973090511
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
hoopla digital
http://library.link/vocab/subjectName
  • Housing
  • Mortgage loans
  • Subprime mortgage loans
  • Financial crises
  • Electronic books
  • United States
Target audience
adult
Label
Hidden In Plain Sight : What Really Caused The World's Worst Financial Crisis—And Why It Could Happen Again, Peter J. Wallison, (electronic resource)
Link
Instantiates
Publication
Distribution
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781594038662
Isbn Type
(electronic bk.)
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
http://library.link/vocab/ext/overdrive/overdriveId
11825454
Publisher number
MWT11825454
Specific material designation
remote
System details
Mode of access: World Wide Web
Label
Hidden In Plain Sight : What Really Caused The World's Worst Financial Crisis—And Why It Could Happen Again, Peter J. Wallison, (electronic resource)
Link
Publication
Distribution
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781594038662
Isbn Type
(electronic bk.)
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
http://library.link/vocab/ext/overdrive/overdriveId
11825454
Publisher number
MWT11825454
Specific material designation
remote
System details
Mode of access: World Wide Web

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