Book

The financial crisis inquiry report : final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States / submitted by the Financial Crisis Inquiry Commission pursuant to Public Law 111-21.

Record details

General Note:	Shipping list no.: 2011-0022-S. "January 2011."
Bibliography, etc. Note:	Includes bibliographical references (p. 553-633).
Formatted Contents Note:	Conclusions of the Financial Crisis Inquiry Commission -- pt. 1. Crisis on the horizon -- Before our very eyes -- pt. 2. Setting the stage -- Shadow banking -- Securitization and derivatives -- Deregulation redux -- Subprime lending -- pt. 3. Credit expansion -- The mortgage machine -- The CDO machine -- All in -- The madness -- The bust -- pt. 4. The 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 bankruptcy of Lehman -- September 2008 : the bailout of AIG -- Crisis and panic -- pt. 5. The aftershocks -- The economic fallout -- The foreclosure crisis -- Dissenting views -- By Keith Hennessey, Douglas Holtz-Eakin, and Bill Thomas -- By Peter J. Wallison.