By Peter J. Wallison

This well timed learn makes a speciality of how the government-constructed narratives surrounding the cave in of Fannie Mae and Freddie Mac and the 2008 monetary drawback formed the policymaking that ended in the Dodd-Frank Act. The ebook indicates that each significant provision of the act may be traced on to that narrative, which missed the government’s personal function and concentrated completely at the error of the personal region. within the subsequent Congress, even if the Republicans are in charge of the home and Senate, there'll be a concerted attempt to make alterations in—or even repeal—the Dodd-Frank Act. The essays during this booklet, initially released via AEI as monetary companies Outlooks, and the accompanying observation offer an intensive backgrounder for a person drawn to monetary coverage.

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Bad History, Worse Policy: How a False Narrative About the Financial Crisis Led to the Dodd-Frank Act by Peter J. Wallison


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