What Caused the Financial Crisis and Why is It Important?

Jan 14, 2015 - 11:45am

President and CEO, Center for Capital Markets Competitiveness (CCMC)
President and CEO, Global Innovation Policy Center (GIPC)
President and CEO of Chamber Technology Engagement Center (C_Tec)
Executive Vice President, U.S. Chamber of Commerce

This year Dodd-Frank will turn 5 years old in July and we are still left debating if the new rules and regulations placed on the financial services industry will save off the next crisis or create safer, less risky system. At the same time, despite the airtime consumed by the “break up the big banks” dialogue, the public and congress have yet to fully understand what actually caused the crisis in 2008.  AEI’s Peter Wallison’s new book seeks to reignite the conversation providing a roadmap on what caused the crisis so that as the government looks to finalize Dodd-Frank or impose additional rules that it fixes the real problems rather than appease the latest political rant.

Click here to learn more about Hidden in Plain Slight: What Really Caused the World’s Worst Financial Crisis and Why it Could Happen Again.

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About the Author

About the Author

President and CEO, Center for Capital Markets Competitiveness (CCMC)
President and CEO, Global Innovation Policy Center (GIPC)
President and CEO of Chamber Technology Engagement Center (C_Tec)
Executive Vice President, U.S. Chamber of Commerce

David Hirschmann is executive vice president at the U.S. Chamber and is a member of the Management Committee that helps shape the organization’s strategic direction and programs.