Books Excerpt : 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 about the financial crisis is that it was caused by greed on Wall Street and insufficient regulation of the financial system. That narrative produced the Dodd-Frank Act, the most comprehensive regulation of the financial system 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 If insufficient regulation caused the financial crisis, then the Dodd-Frank Act will never be modified or repealed; proponents will argue that doing so will bring back another financial crisis.However, there is a competing narrative about what caused the financial crisis that has received very little attention in the mainstream media. This view, which is accepted by almost all Republicans in Congress and most conservatives and conservative intellectuals, contends that the

Title : Hidden in Plain Sight: The Untold Story of the Government's Role in the 2008 Financial Crisis
Author : Peter J. Wallison
Available In : PDF/EPUB/MOBI
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