Financial Crisis Commission Dissent, II

http://www.futureofcapitalism.com/2011/01/financial-crisis-commission-dissent-ii

The full dissent of three Republican members of the Financial Crisis Inquiry Commission is now posted online, and it does get into slightly more detail than the Wall Street Journal op-ed by Keith Hennessey, Bill Thomas, and Douglas Holtz-Eakin referenced here earlier. They write, "Government policymakers were afraid of large firms' sudden and disorderly failure and chose to intervene as a result. At times, intervention itself contributed to fear and uncertainty about the stability of the financial system." But that's all they write about it. It strikes me as a missed opportunity.

by Ira Stoll  |  Jan 27, 2011 at 11:26 am Related Topics:  Federal Reserve, Henry Paulson, Timothy Geithner receive the latest by email: subscribe to the free futureofcapitalism.com mailing list