What Caused The Global Financial Crisis according to Jennifer Taub

The Global Financial Crisis according to Jennifer Taub

Jennifer Taub, Associate Professor of Law at Vermont Law School, is currently writing a forthcoming book titled "The Great Betrayal: How Washington Bailed Out Wall Street but Left Main Street Underwater." Articles by Taub about the Global Financial Crisis include mythbusters: telling the truth about the financial crisis, part i (1/31/2011), part ii (2/6/2011), and part iii (2/10/2011). Taub also commented on the Levin/Coburn report Wall Street and The Financial Crisis: Anatomy of a Financial Collapse in bipartisan senate panel report slams banks and bureaucrats: “please sir, i want some more”.

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

Majority Conclusions

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?

“Everyone” was at fault (Wall Street, institutional investors and the government).

3. The Global Financial Crisis
is ongoing.

4. What were the primary causes of the Global Financial Crisis?
The financial crisis was the result of the burst of a debt-fueled asset bubble which was enabled by government deregulation and low interest rates and corporate governance failures. Wall Street, K-Street and the C-Suite are to blame.

Compiled by Gary Karz, CFA
Host of InvestorHome

Global Financial Crisis Survey

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