Peter J. Wallison | How the Financial Crisis & the Government's Response Led to Trump
The prevailing narrative of the financial crisis is that it was caused by Wall Street greed and insufficient regulation. In response, Congress passed the Dodd-Frank Act, which fundamentally reformed financial sector regulation. But what if this narrative is wrong, and the government's attempts to prevent future financial crises slowed our economic recovery? Peter Wallison discusses how the misinterpretation of the causes of the financial crisis resulted in the Dodd-Frank Act, our slow economic recovery, and the election of Donald Trump. Wallison is a senior fellow at the American Enterprise Institute, the author of "Hidden in Plain Sight," and a dissenting member of the Financial Crisis Inquiry Commission. He is former general counsel of the Treasury Department and former White House counsel to President Reagan.
Sponsored by Global Financial Markets Center.