The Financial Crisis Inquiry Report, Authorized Edition: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States

The Financial Crisis Inquiry Report, Authorized Edition: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States

by Financial Crisis Inquiry Commission

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Overview

The Financial Crisis Inquiry Report, Authorized Edition: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States by Financial Crisis Inquiry Commission

The definitive report on what caused America's economic meltdown and who was responsibleThe financial and economic crisis has touched the lives of millions of Americans who have lost their jobs and their homes, but many have little understanding of how it happened. Now, in this very accessible report, readers can get the facts. Formed in May 2009, the Financial Crisis Inquiry Commission (FCIC) is a panel of 10 commissioners with experience in business, regulations, economics, and housing, chosen by Congress to explain what happened and why it happened. This panel has had subpoena power that enabled them to interview people and examine documents that no reporter had access to. The FCIC has reviewed millions of pages of documents, and interviewed more than 600 leaders, experts, and participants in the financial markets and government regulatory agencies, as well as individuals and businesses affected by the crisis. In the tradition of The 9/11 Commission Report, "The Financial Crisis Inquiry Report" will be a comprehensive book for the lay reader, complete with a glossary, charts, and easy-to-read diagrams, and a timeline that includes important events. It will be read by policy makers, corporate executives, regulators, government agencies, and the American people.

Product Details

ISBN-13: 9781610390415
Publisher: PublicAffairs
Publication date: 01/27/2011
Pages: 576
Sales rank: 780,822
Product dimensions: 5.50(w) x 8.20(h) x 1.60(d)

About the Author

Financial Crisis Inquiry Commission

Table of Contents

Commissioners vii

Commissioner Votes viii

Commission Staff List ix

Preface xi

Conclusions of the Financial Crisis Inquiry Commission xv

Part I Crisis on the Horizon

Chapter 1 Before Our Very Eyes 3

Part II Setting the Stage

Chapter 2 Shadow Banking 27

Chapter 3 Securitization and Derivatives 38

Chapter 4 Deregulation Redux 52

Chapter 5 Subprime Lending 67

Part III The Boom and Bust

Chapter 6 Credit Expansion 83

Chapter 7 The Mortgage Machine 102

Chapter 8 The CDO Machine 127

Chapter 9 All In 156

Chapter 10 The Madness 188

Chapter 11 The Bust 213

Part IV The Unraveling

Chapter 12 Early 2007: Spreading Subprime Worries 233

Chapter 13 Summer 2007: Disruptions in Funding 246

Chapter 14 Late 2007 to Early 2008: Billions in Subprime Losses 256

Chapter 15 March 2008: The Fall of Bear Stearns 280

Chapter 16 March to August 2008: Systemic Risk Concerns 292

Chapter 17 September 2008: The Takeover of Fannie Mae and Freddie Mac 309

Chapter 18 September 2008: The Bankruptcy of Lehman 324

Chapter 19 September 2008: The Bailout of AIG 344

Chapter 20 Crisis and Panic 353

Part V The Aftershocks

Chapter 21 The Economic Fallout 389

Chapter 22 The Foreclosure Crisis 402

Dissenting Views

By Keith Hennessey, Douglas Holtz-Eakin, Bill Thomas 411

By Peter J. Wallison 441

Appendix A Glossary 451

Appendix B List of Hearings and Witnesses 457

Notes 465

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The Financial Crisis Inquiry Report, Authorized Edition: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in 1.8 out of 5 based on 0 ratings. 12 reviews.
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This one did not work
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I needed to restart several times. Grr!