The financial crisis inquiry report : final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States / Financial Crisis Inquiry Commission.

Final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States (portion title)

United States. Financial Crisis Inquiry Commission. (Author).

Summary:

Examines the causes of the financial crisis that began in 2008 and reveals the weaknesses found in financial regulation, excessive borrowing, and breaches in accountability.

Record details

ISBN: 9781610390415
ISBN: 1610390415
Physical Description: xxviii, 545 pages : illustrations, map ; 23 cm
Edition: 1st ed., Authorized edition.
Publisher: New York, N.Y. : Public Affairs, 2011.

Content descriptions

Bibliography, etc. Note:

Includes bibliographical references (pages 465-545).

Formatted Contents Note:

PART I : CRISIS ON THE HORIZON: Before our very eyes -- PART II : SETTING THE STAGE: Shadow banking -- Securitization and derivatives -- Deregulation redux -- Subprime lending -- PART III : BOOM AND BUST: Credit expansion -- Mortgage machine -- CDO machine -- All in -- Madness -- Bust -- PART IV : UNRAVELING: Early 2007 : spreading subprime worries -- Summer 2007 : disruptions in funding -- Late 2007 to early 2008 : billions in subprime losses -- March 2008 : the fall of Bear Stearns -- March to August 2008 : systemic risk concerns -- September 2008 : the takeover of Fannie Mae and Freddie Mac -- September 2008 : the bankruptcy of Lehman -- September 2008 : the bailout of AIG -- Crisis and panic -- PART V : AFTERSHOCKS: Economic fallout -- Foreclosure crisis -- DISSENTING VIEWS: Dissenting statement / Keith Hennessey, Douglas Holtz-Eakin, Bill Thomas -- Financial Crisis Inquiry Commission dissenting statement / Peter J. Wallison