“Academic economists generally agree that the mortgage meltdown during the recent financial crisis was in large part a consequence of government “affordable housing” policies…

…Peter Wallison’s Hidden in Plain Sight details the evidence in a totally convincing way.”, Eugene F. Fama, 2013 Nobel Laureate in Economic Sciences

“Peter Wallison exposes how the government’s push to weaken traditional mortgage underwriting standards proved to be a root cause of the financial crisis. Lawmakers reshaping federal housing policy today should take heed.”, Edward DeMarco, acting director of the Federal Housing Finance Agency from 2009 to 2014

“Government housing policies were a major cause of the financial crisis, and we are now repeating the same mistakes. Peter Wallison told the story better than anyone else and is sounding the warnings again.”, Martin Feldstein, professor of economics at Harvard University

“Those of us who have studied the financial crisis concluded years ago that Peter Wallison ‘wrote the book’ on the subject. Now he has actually done so. For years he warned of misguided federal housing policies, but his warnings were ignored. For the sake of our economy, this time Washington must listen.”, Jeb Hensarling, chairman of the House Financial Services Committee

“Peter Wallison unequivocally proves that government policy, not deregulation, caused the recent financial crisis and the related Great Recession. The massive regulatory expansion under Dodd-Frank has stifled economic growth and increases the risk of future crisis.”, John A. Allison, president of the Cato Institute and former CEO of BB&T

“I don’t remember any period in modern history when the analysis of historic economic events has been more dominated by the clear thinking of one person. That person’s name is Peter Wallison. He has dispelled more myths and provided more insights than all other scholars and commentators combined.”, Phil Gramm, former Chairman of the Senate Banking Committee

“In this must-read book, Wallison thoroughly documents that bad government housing policies are a too-little acknowledged cause of the crisis. He makes a convincing case that policymakers simply misdiagnosed what went wrong in 2008, without taking the actions that would prevent another financial crisis.”, James R. Barth, Lowder Eminent Scholar in Finance at Auburn University

(Attributions on the jacket cover of Peter Wallison’s, the American Enterprise Institute’s co-head of Financial Policy Studies, January 2015 book: Hidden in Plain Sight: What Really Caused The World’s Worst Financial Crisis And Why It Could Happen Again.)

Posted on January 28, 2015, in Postings. Bookmark the permalink. Leave a comment.

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