However, it's been a long time since there was activity on the site. (For a while, it seemed that the financial crisis might be fading away like a bad dream.) And now Penn has published a new book, Engineering the Financial Crisis, coauthored by Wladimir Kraus of the University of Aix-en-Provence (an Associate Editor of Critical Review) and myself. Since the new book is also about the causes of the financial crisis, and in the hope that nobody will object, I believe it's time to turn this into a blog about the new book.
And so we have done....
Jeffrey Friedman
Editor, Critical Review
Coauthor, Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation
2 comments:
I have been reading Peter Wallison's FCIC Minority report. It is very convincing that NTMs (non-traditional mortgages), primarily funded by Fannie Mae/Freddie Mac, precipitated the financial crisis. Would you say your book is an alternative scenario or complementary? I have ordered your book and look forward to reading it. Your essay on the financial crisis in Critical Review is one of the best essays I have read in years.
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