Chapter 34

The Roadmap to a Backcast


The analysis presented in our earlier chapter provides us with a roadmap to a potential backcast or postmortem on the factors fueling the events leading up to the financial crisis and the weak economic recovery. It draws a parallel between the S&L crisis and the financial crisis, pointing to several key similarities and differences.


financial crisis
government-sponsored enterprises
mortgage-backed securities
S&L crisis
shadow banking system
structured investment vehicles
The Consumer Financial Protection Bureau (CFPB)
The Dodd–Frank Wall Street Reform and Consumer Protection Act

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