Bad History, Worse Policy

"... Wallison argues that the Dodd-Frank Act -- the Obama administration's sweeping financial regulation law -- will suppress economic growth for years to come. Based on his essays on financial services issues published between 2004 and 2012, Wallison shows that the act was based on a false and ideologically motivated narrative about the financial crisis.... myriad consequences flow directly from a narrative that blames the financial crisis on deregulation and private-sector risk-taking. In reality, the government itself has escaped blame for housing policies that deliberately degraded mortgage-underwriting standards and built a housing bubble in which half the mortgages were subprime or otherwise low quality."--Provided by publisher.