Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Monday, November 22, 2010
Video: Peter Wallison of the Financial Crisis Inquiry Commission On How the Financial Crisis Happened
Posted By Milton Recht
Original video at end of post no longer available.
Following, much longer, video is an available substitue.
Original 2010 blog post begins here.
A nine minute Wall Street Journal video opinion interview of Peter Wallison of the Financial Crisis Inquiry Commission On How the Financial Crisis Happened. Wallison discusses the financial crisis effect of the GSEs' subprime lending, US housing policy, the Fed's failure to save Lehman and AIG.
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Deregulation didn't cause the financial meltdown!!!! What's he on???
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