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Financial Fiasco: How America's Infatuation with Home Ownership and Easy Money Created the Economic Crisis
(Cato Institute, 2009)

BOOK FORUM
Tuesday, September 1, 2009
12:00 PM

Featuring Johan Norberg, Senior Fellow, Cato Institute; with comments by Dr. Anthony Sanders, Distinguished Professor of Real Estate Finance, George Mason University; and Dawn Kopecki, Reporter, Bloomberg News.

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How was it possible that in a world where thousands of people regulated financial markets the whole system crashed down? And should we now give more power to central banks, government agencies, politicians, and regulators? Isn't that what brought us here in the first place? Financial Fiasco digs deep into the foundation of the economic meltdown, revealing how it was the product of conscious actions by decisionmakers in companies, government agencies, and political institutions, and by consumers. Financial Fiasco tells the compelling story of how rate-cutting by the Federal Reserve inflated the real estate market and fueled increased risk-taking in the financial markets; how new government policies to promote home ownership blasted air into the credit bubble; how new financial instruments, credit-rating requirements, and accounting rules intended to prevent cheating backfired; and much more. Financial Fiasco guides readers through a world of irresponsible behavior, warns that many of the "solutions" being implemented are repeating the mistakes that caused the crisis, and offers guidance on how to move forward.

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Feeds for Cato events: RSS • iCal

RESERVATIONS ARE REQUIRED FOR ALL CATO INSTITUTE EVENTS

To register or for more information, call (202) 789-5229, fax (202) 371-0841, or send email.

Unless otherwise noted, all events are held at

THE CATO INSTITUTE'S F.A. HAYEK AUDITORIUM
1000 MASSACHUSETTS AVENUE, NW
WASHINGTON, DC 20001

Business attire is requested.

For more information about Cato events, please visit Event FAQs.

The Cato Institute is located on the southwest corner of Massachusetts Avenue and 10th Street.
There is on-street, metered parking around the Institute, as well as a lot located on the corner
of Eye and 10th Streets. We are approximately 5 blocks from Metro Center. Take the metro to Metro
Center and use the 11th Street exit. Walk north so the lettered streets get higher (H, Eye, K, L,
Massachusetts). Make a right on L Street, and walk about 1 block. (See map)

Financial Fiasco: How America's Infatuation with Home Ownership and Easy Money Created the Economic Crisis(Cato Institute, 2009)

RESERVATIONS ARE REQUIRED FOR ALL CATO INSTITUTE EVENTS

Unless otherwise noted, all events are held at

Business attire is requested.

RESERVATIONS ARE REQUIRED FOR ALL CATO INSTITUTE EVENTS

Unless otherwise noted, all events are held at

Business attire is requested.

Financial Fiasco: How America's Infatuation with Home Ownership and Easy Money Created the Economic Crisis
(Cato Institute, 2009)