Table of Contents

The Financial Crisis Inquiry Report

• Commissioners 77
• Commissioner Votes 88
• Commission Staff List 99
• Preface 1111
• Conclusions of the Financial Crisis Inquiry Commission 1515
• Part I: Crisis on the Horizon 2929
• • Chapter 1: Before Our Very Eyes 3131
• Part II: Setting the Stage 5353
• • Chapter 2: Shadow Banking 5555
  • Chapter 3: Securitization and Derivatives 6666
  • Chapter 4: Deregulation Redux 8080
  • Chapter 5: Subprime Lending 9595
• Part III: The Boom and Bust 109109
• • Chapter 6: Credit Expansion 111111
  • Chapter 7: The Mortgage Machine 130130
  • Chapter 8: The CDO Machine 155155
  • Chapter 9: All In 184184
  • Chapter 10: The Madness 216216
  • Chapter 11: The Bust 241241
• Part IV: The Unraveling 259259
• • Chapter 12: Early 2007 -- Spreading Subprime Worries 261261
  • Chapter 13: Summer 2007 -- Disruptions in Funding 274274
  • Chapter 14: Late 2007 to Early 2008 -- Billions in Subprime Losses 284284
  • Chapter 15: March 2008 -- The Fall of Bear Sterns 308308
  • Chaper 16: March to August 2008 -- Systemic Risk Concerns 320320
  • Chapter 17: Setpember 2008: The Takeover of Fannie Mae and Freddie Mac 337337
  • Chapter 18: September 2008: The Bankruptcy of Lehman 352352
  • Chapter 19: September 2008: The Bailout of AIG 372372
  • Chapter 20: Crisis and Panic 381381
• Part V: The Aftershocks 415415
• • Chapter 21: The Economic Fallout 417417
  • Chapter 22: The Foreclosure Crisis 430430
• Dissenting Views 439439
• • By Keith Hennessey, Douglas Holtz-Eakin, and Bill Thomas 439439
  • By Peter J. Wallison 469469
• Appendix A: Glossary 567567
• Appendix B: List of Hearings and Witnesses 573573
• Notes 581581

• Index 1663