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X-WR-CALNAME:Liberty Guide
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X-WR-CALDESC:Events for Liberty Guide
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DTSTART;VALUE=DATE-TIME:20130227T120000
DTEND;VALUE=DATE-TIME:20130227T130000
DTSTAMP:20130618T052014
CREATED:20130218T175135
LAST-MODIFIED:20130218T175135
UID:4905-1361966400-1361970000@http://www.libertyguide.com
SUMMARY:Heritage: Financial Crisis & Dodd Frank Book Forum
DESCRIPTION:The Heritage Foundation     presents     Bad History\, Worse Policy  How a False Narrative about the Financial Crisis Led to the Dodd-Frank Act     featuring     Peter J. Wallison  Arthur F. Burns Fellow in Financial Policy Studies\, American Enterprise Institute\,  and author\, Bad History\, Worse Policy     Wednesday\, February 27\, 2013  12:00 p.m.     The Heritage Foundation’s Lehrman Auditorium  214 Massachusetts Avenue\, NE  Washington\, DC 20002      RSVP:  http://www.heritage.org/events/2013/02/bad-history     Peter Wallison sounded the alarm about Fannie Mae and Freddie Mac in 1999 in The New York Times.  “This is another thrift industry growing up around us\,” he said.  “If they fail\, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''     Now\, in his new book\, Bad History\, Worse Policy\, Wallison posits that the Dodd-Frank Act – the Obama Administration’s sweeping financial regulation law passed after the financial crisis caused in part by Fannie Mae and Freddie Mac – was based on a false and ideologically motivated narrative about the crisis.  He argues that the Act will actually serve to suppress competition\, reduce liquidity\, raise borrowing costs\, increase crony-capitalism\, and suppress economic growth for years to come.  While large financial institutions are designated under the Act as threats to the stability of U.S. financial markets\, they will have advantages under the act over smaller rivals\, and may ultimately come to dominate the financial markets.  The Act’s substantial new costs imposed on small businesses will force them out of business or into mergers and stifle innovations in consumer products.     All of these consequences flow directly from a narrative that blames the financial crisis on deregulation and private-sector risk-taking.  The reality is that the government itself has escaped blame for housing policies that deliberately degraded mortgage-underwriting standards and built a housing bubble in which too many mortgages were subprime or otherwise low quality.      Copies of Bad History\, Worse Policy will be available.  
LOCATION:214 Massachusetts Ave, NE, Washington, DC, DC, 20002, United States
URL:http://www.libertyguide.com/event/heritage-financial-crisis-dodd-frank-book-forum/
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