Dissent from the Majority Report of the Financial Crisis Inquiry Commission

Dissent from the Majority Report of the Financial Crisis Inquiry Commission PDF Author: Peter J. Wallison
Publisher: AEI Press
ISBN: 0844772313
Category : Political Science
Languages : en
Pages : 115

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Book Description
Peter J. Wallison is the only member of the Financial Crisis Inquiry Commission (FCIC) to release a formal dissent to the FCICOs official report on the causes of the financial crisis. Wallison, codirector of financial policy studies at the American Enterprise Institute, argues that the FCICOs report fails to address the cause of the deterioration in mortgage underwriting standards that led to the housing bubble widely accepted as the key factor in destabilizing the American economy. Wallison's Dissent to the Majority Report of the Financial Crisis Inquiry Commission reveals that government-mandated subprime loans, not greedy investors, were the force behind the deterioration in underwriting standards. This dissent is a must-read for anyone seeking to understand the causes of the financial crisis_and to prevent future economic collapse.

Dissent from the Majority Report of the Financial Crisis Inquiry Commission

Dissent from the Majority Report of the Financial Crisis Inquiry Commission PDF Author: Peter J. Wallison
Publisher: AEI Press
ISBN: 0844772313
Category : Political Science
Languages : en
Pages : 115

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Book Description
Peter J. Wallison is the only member of the Financial Crisis Inquiry Commission (FCIC) to release a formal dissent to the FCICOs official report on the causes of the financial crisis. Wallison, codirector of financial policy studies at the American Enterprise Institute, argues that the FCICOs report fails to address the cause of the deterioration in mortgage underwriting standards that led to the housing bubble widely accepted as the key factor in destabilizing the American economy. Wallison's Dissent to the Majority Report of the Financial Crisis Inquiry Commission reveals that government-mandated subprime loans, not greedy investors, were the force behind the deterioration in underwriting standards. This dissent is a must-read for anyone seeking to understand the causes of the financial crisis_and to prevent future economic collapse.

Guide to Congress

Guide to Congress PDF Author: CQ Press,
Publisher: CQ Press
ISBN: 1452235325
Category : Political Science
Languages : en
Pages : 1865

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Book Description
The new edition of this comprehensive, two-volume reference has been thoroughly revised and expanded by expert CQ Press writers—with years of experience covering Congress—to offer a complete institutional history of Congress along with updated insight and analysis on the 2008 and 2010 shifts in power of the U.S. Senate and House of Representatives. The 35 chapters of Guide to Congress, Seventh Edition, are divided into eight subject areas that cover all aspects of the U.S. Congress: Origins and Development of Congress, from the constitutional beginnings of the legislative branch to the histories of the House and Senate and their power shifts, eras of partisanship and unity, influential leaders, and working relationships with presidents. New coverage includes analysis of the tug-of-war between House Democrats and the George W. Bush administration on Iraq war withdrawal timetables, updates on criminal investigations of House members including William J. Jefferson of Louisiana and Charles Rangel of New York, and analysis of the Tea Party Movement and new Republican majority. Powers of Congress, including powers to tax, spend, and borrow; to conduct foreign policy and investigations; to confirm and impeach; to regulate commerce; to amend the Constitution; and to select the president. Updated material includes analysis of the George W. Bush administration’s use of immunity from questioning by congressional committees, analysis of the signing of the new START treaty with Russia—marking a cornerstone of U.S. relations with the country, coverage of the War on Terror—including the killing of bin Laden in a U.S. raid in Pakistan, and perspective on the negotiations to raise the federal debt ceiling in 2011. Congressional Procedures, detailing the party and leadership structures; rules and the legislative process; the committee system, assignment, and procedures; and congressional staff. Revised coverage profiles the methods, styles, and legislative successes and defeats of House Speakers Pelosi and Boehner and Senate majority leader Reid. The Guide also analyzes the new hpyerpartisanship emerging in Congress and provides updates on congressional travel reforms and aide statistics and trends. Pressures on Congress, including influence from constituents, political parties, the president, the Supreme Court, lobbyists, and the media. New material explores the use of social media to communicate with constituents, examines the role of the new Consumer Financial Protection Bureau, and analyzes the Obama administration’s relationship with Congress. Housing and Support, covering the U.S. Capitol, House and Senate office buildings, the Library of Congress, and organizations such as the Government Accountability Office and the Congressional Research Service. Updates are provided on new initiatives by the Library of Congress and reforms to the General Accounting Office. Pay and Perquisites, including honoraria and allowances, franking and travel privileges, and other benefits. Updates include revised figures for congressional pay and benefits and analysis of efforts to control privately sponsored foreign travel. Congress and the Electorate, covering the right to vote, the demographic composition of congress, the role of parties in elections, campaign financing, and redistricting. New information discusses elections statistics in recent elections, the impact of third parties, Tea Party gains, and the creation of "super PACs" and 527 groups. Qualifications and conduct, detailing congressional ethics investigations and procedures for disciplining members. Updated coverage reviews ethics investigations, including the creation of the Office of Congressional Ethics. Specific investigations and outcomes are discussed, including the censure of Charles Rangel and disapproval of Joe Wilson’s outburst during a speech by President Obama. Volume 2 concludes with a selected bibliography and key reference materials: a list of all members of congress who have served since 1789; congressional election results; floor leaders and committee chairs; dates for sessions of congress; women, black, Asian, and Hispanic members; and many more. Boxed features, tables, and figures and a generous number of photos enhance the topical coverage of this definitive resource on Congress.

The Final Report of the Financial Crisis Inquiry Commission

The Final Report of the Financial Crisis Inquiry Commission PDF Author: United States. Congress. House. Committee on Financial Services
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152

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Book Description


Research Handbook on International Banking and Governance

Research Handbook on International Banking and Governance PDF Author: James R. Barth
Publisher: Edward Elgar Publishing
ISBN: 1849806101
Category : Business & Economics
Languages : en
Pages : 767

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Book Description
The recent financial crisis has stimulated much debate on the governance of financial institutions, as well as research on the effects of governance arrangements on risk-taking, performance and financial institutions more generally. Furthermore, researchers are asking how regulation, legislation, politics and other factors influence the governance of financial institutions and their behavior in different dimensions. The specially commissioned contributions featured in this timely Handbook confront these complex issues. The contributors – top international scholars from finance, law and business – explore the role of governance, both internal and external, in explaining risk-taking and other aspects of the behavior of financial institutions. Additionally, they discuss market and policy features affecting objectives and quality of governance. The chapters provide in-depth analysis of factors such as: ownership, efficiency and stability; market discipline; compensation and performance; social responsibility; and governance in non-bank financial institutions. Only through this kind of rigorous examination can one hope to implement the financial reforms necessary and sufficient to reduce the likelihood and severity of future crises. Bringing the reader to the frontier of research on governance of financial institutions, this volume is sure to inspire future research in scholars and students of financial institutions, governance and banking as well as all those involved with private financial institutions and public regulatory and supervisory authorities.

Public Policy & Financial Economics: Essays In Honor Of Professor George G Kaufman For His Lifelong Contributions To The Profession

Public Policy & Financial Economics: Essays In Honor Of Professor George G Kaufman For His Lifelong Contributions To The Profession PDF Author: Douglas D Evanoff
Publisher: World Scientific
ISBN: 981322956X
Category : Business & Economics
Languages : en
Pages : 313

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Book Description
The central goal of this volume was to assemble outstanding scholars and policymakers in the field of financial markets and institutions and have them articulate significant market developments in their particular areas of expertise during the past few decades.Not just a celebratory volume, Public Policy and Financial Economics selected internationally recognized financial economists who have worked with Professor Kaufman during his years of scholarly research, and have a combined mastery of specialized financial markets themes and, very importantly, knowledge of public policies in the areas. All 15 chapters offer unique, innovative, and exciting expositions of several critical topics in financial economics.

Bad History, Worse Policy

Bad History, Worse Policy PDF Author: Peter J. Wallison
Publisher: Rowman & Littlefield Publishers
ISBN: 0844772402
Category : Business & Economics
Languages : en
Pages : 599

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Book Description
This timely study focuses on how the government-constructed narratives surrounding the collapse of Fannie Mae and Freddie Mac and the 2008 financial crisis shaped the policymaking that led to the Dodd-Frank Act.

The Political Economy Reader

The Political Economy Reader PDF Author: Naazneen H. Barma
Publisher: Routledge
ISBN: 100041468X
Category : Political Science
Languages : en
Pages : 729

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Book Description
The Political Economy Reader advocates a particular approach to the study of political economy – the "market-institutional" perspective – which emphasizes the ways in which markets are embedded in political and social institutions. This perspective offers a compelling alternative to the market-liberal view, which advocates freer markets and less government intervention in the economy, as if states and markets were naturally at odds with each other. The reader embraces a truly interdisciplinary approach to the study of political economy, with extensive coverage from sociology, economics, history and political science. It includes some of the most important classical and contemporary theoretical perspectives on political economy. And it engages some of the most topical debates in political economy today, such as climate change, the global financial crisis, inequality, the digital platform economy, and the COVID-19 pandemic. For political economy courses at a variety of levels and from a range of disciplines, the reader is also of interest to scholars and citizens wanting perspective on the intersection of economics, politics, and society. New to the Second Edition • More than 20 new readings included by such notables as Elinor Ostrom, E. J. Hobsbawm, Dani Rodrik, Amartya Sen, Thomas Piketty, and Mariana Mazzucato among many others. • Fully updated introductions to the book and each thematic chapter of readings. • Coverage of key emerging debates including climate change, the financial crisis, inequality, the digital platform economy, and COVID-19

Reviewing the Financial Crisis Inquiry Commission's Final Report

Reviewing the Financial Crisis Inquiry Commission's Final Report PDF Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 88

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Book Description


Days of Slaughter

Days of Slaughter PDF Author: Susan Wharton Gates
Publisher: JHU Press
ISBN: 1421421933
Category : Business & Economics
Languages : en
Pages : 301

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Book Description
With a keen eye to the policy landscape, Gates relates the fateful decisions that led to Freddie Mac's downfall and desperate rescue. She also examines today's worrisome headlines about potential future bailouts, the uneven housing recovery, and stymied congressional reform efforts. Throughout the book, Gates argues convincingly that policymakers will be unable to safely reform the massive housing finance system that currently rests squarely on taxpayer shoulders without addressing deeper issues of ideology, moral hazard, and interest group politics. The first book to tell the story of Freddie Mac from an insider perspective--while casting a prophetic eye to the future--this first-hand account of housing policies, complex financial transactions, and the crazy quilt of federal and state actors involved in the Great Recession is a must-read.

The Shifts and the Shocks

The Shifts and the Shocks PDF Author: Martin Wolf
Publisher: Penguin
ISBN: 0143127632
Category : Business & Economics
Languages : en
Pages : 529

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Book Description
From the chief economic commentator for the Financial Times—a brilliant tour d’horizon of the new global economy There have been many books that have sought to explain the causes and courses of the financial and economic crisis that began in 2007. The Shifts and the Shocks is not another detailed history of the crisis but is the most persuasive and complete account yet published of what the crisis should teach us about modern economies and econom­ics. Written with all the intellectual command and trenchant judgment that have made Martin Wolf one of the world’s most influential economic com­mentators, The Shifts and the Shocks matches impressive analysis with no-holds-barred criti­cism and persuasive prescription for a more stable future. It is a book no one with an interest in global affairs will want to neglect.