Hidden in Plain Sight (Wallison)

Author: Peter J. Wallison

ISBN: 9781594038655

Binding: paperback

Section: Economics/Business/Finance

The 2008 financial crisis—like the Great Depression—was a world-historical event. The conventional narrative is that the financial crisis was caused by Wall Street greed and insufficient regulation of the financial system. There is evidence, however, that the Dodd-Frank Act has slowed the recovery from the recession. The competing narrative, 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.