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Peter Wallison
Financial Policy Fellow, American Enterprise Institute
Peter J. Wallison, a codirector of AEI's program on financial policy studies, researches banking, insurance, and securities regulation. As general counsel of the U.S. Treasury Department, he had a significant role in the development of the Reagan administration's proposals for the deregulation of the financial services industry. He also served as White House counsel to President Ronald Reagan.
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3mins
Wallison says the Obama administration believes average Americans are too stupid to know what they should and shouldn’t buy.
1mins
Anytime the government gets involved with private sector activity, with economic activity, there is going to be a distortion of the market that can cause a problem.
7mins
Wallison notes that unregulated entities, like hedge funds, fared much better in the crisis.
12mins
Fannie Mae and Freddie Mac grew too big to fail thanks to policies made possible by a labyrinth of Beltway connections.
10mins
Wallison argues that it was we will never be able to eliminate moral hazard from banking simply because the banks are backed by the government.
34mins
A conversation with the financial policy fellow at the American Enterprise Institute.