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Nine out of ten FCIC commissioners disagree
OpposingArgument
1
#130859
No other member of the Financial Crisis Inquiry Commission accepted this as the main cause of the financial crisis, not even the three Republicans who wrote a dissenting report.
CONTEXT
(Help)
-
The Global Financial Crisis »
The Global Financial Crisis
The Global Financial Crisis☜Exploring the causes, consequences and responses to the global financial crisis. ☜F1CEB7
▲
Long-term causes of the financial crisis? »
Long-term causes of the financial crisis?
Long-term causes of the financial crisis?☜What are the long term causes of the current financial crisis?☜FFB597
▲
Unintended consequences of earlier public policy choices »
Unintended consequences of earlier public policy choices
Unintended consequences of earlier public policy choices☜The roots of the crisis lie in the unintended consequences of policy choices made with respect to the financial sector over the last 30-40 years—which have allowed the volume of (all kinds of) debt in the global financial system to explode.☜59C6EF
▲
US policies to encourage home ownership promoted risky lending »
US policies to encourage home ownership promoted risky lending
US policies to encourage home ownership promoted risky lending☜The US Government requires its agencies and some banks to lend to borrowers with below average incomes. To meet new targets they made risky loans, which resulted in increased housing demand that hid the risk. Other lenders jumped on the bandwagon, creating massive instability.☜9FDEF6
■
Nine out of ten FCIC commissioners disagree
Nine out of ten FCIC commissioners disagree☜No other member of the Financial Crisis Inquiry Commission accepted this as the main cause of the financial crisis, not even the three Republicans who wrote a dissenting report. ☜EF597B
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Entered by:-
Ross Casley
NodeID:
#130859
Node type:
OpposingArgument
Entry date (GMT):
12/7/2011 12:23:00 AM
Last edit date (GMT):
12/7/2011 12:23:00 AM
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