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The Global Financial Crisis Experts Survey - The Initial Results

The Latest Results (updated when new participants are added)
Crisis Survey Summary and Details Crisis Book Summaries and Discussion
The FCIC Final Report | Crisis Books | Articles, Papers and Links

1. Which FCIC View best represents the causes of the Financial Crisis?

Majority Conclusions Dissenting Views By Hennessey, Holtz-Eakin & Thomas Dissenting Views By Wallison None of the Three Views
  1. Dean Baker
  2. Aaron Clarey
  3. Jerry Davis
  4. Isaac Gradman
  5. Michael Hirsh
  6. James Kwak
  7. Donald Rapp
  8. Jennifer Taub
  9. John Wasik
  1. Fred Foldvary
  1. Robert Hardaway
  2. Edward Pinto
  3. John Rubino
  4. Paul Sperry
  1. Viral Acharya
  2. Vox Day
  3. Steve Keen
  4. Ross Levine
  5. Laurence Siegel (with a hat tip to Wallison)

2. Which narrative presented by Douglas Elliott and Martin Baily of the Brookings Institute in
Telling the Narrative of the Financial Crisis: Not Just a Housing Bubble
best represents the causes of the Financial Crisis?

It was the fault of the government It was Wall Street’s fault “Everyone” was at fault: Wall Street, the government, and our wider society. None of the Three Narratives.
  1. Fred Foldvary
  2. Robert Hardaway
  3. Michael Hirsh (both = 1/2 vote)
  4. Ross Levine
  5. Edward Pinto
  6. Paul Sperry
  1. Dean Baker ("biggest villains")
  2. Jerry Davis ("mostly")
  3. Vox Day
  4. Michael Hirsh (both = 1/2 vote)
  5. James Kwak ("mainly")
  6. John Talbott
  7. Steve Keen
  1. Viral Acharya
  2. Aaron Clarey
  3. Isaac Gradman
  4. Jacob Madsen "Most of all economists are to blame"
  5. Donald Rapp
  6. Christine Richard
  7. John Rubino
  8. Jennifer Taub "Wall Street, institutional investors and the government"
  9. John Wasik
  1. Laurence Siegel

3. The Global Financial Crisis effectively ended in the year

2009 - Christine Richard - the "crisis" which began with the collapse of the subprime market ended at some point in 2009

2010 - Fred Foldvary

2011


or, I believe the Global Financial Crisis is ongoing and will end in the year

2011

2012

2013 or beyond - Viral Acharya, Dean Baker, Aaron Clarey, Jerry Davis, Vox Day, Isaac Gradman, Robert Hardaway, Michael Hirsh "no projected end", Steve Keen, James Kwak "in its broadest sense", Ross Levine, Jacob Madsen, Edward Pinto, Donald Rapp, John Rubino, Laurence Siegel, Paul Sperry, John Talbott "far beyond 2013", and John Wasik "we'll keep paying for a generation".

4. What were the primary causes of Global Financial Crisis?

5. What still needs to change as a result of the crisis?

Participants list (Crisis Expert Qualification)

  1. Viral Acharya (Book Author)
  2. Dean Baker (Crisis Predictor & Book Author)
  3. Aaron Clarey (Book Author)
  4. Jerry Davis (Book Author)
  5. Vox Day (Crisis Predictor & Book Author)
  6. Fred Foldvary (Crisis Predictor)
  7. Isaac Gradman (Book Editor)
  8. Robert Hardaway (Book Author)
  9. Michael Hirsh (Book Author)
  10. Steve Keen (Crisis Predictor & Book Author)
  11. James Kwak (Book Author)
  12. Ross Levine (Book Author & Published Paper)
  13. Jacob Madsen (Crisis Predictor)
  14. Edward Pinto (Research cited in FCIC report)
  15. Donald Rapp (Book Author)
  16. Christine Richard (Book Author)
  17. John Rubino (Crisis Predictor & Book Author)
  18. Laurence Siegel (Published Paper & Book Editor)
  19. Paul Sperry (Book Author)
  20. John Talbott (Crisis Predictor & Book Author)
  21. Jennifer Taub (Book Author)
  22. John Wasik (Book Author)

Compiled by Gary Karz, CFA Follow GKarz on Twitter
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Last update 11/22/2011. Copyright © 2011 Investor Home. All rights reserved. Disclaimer