This is a history of the crisis through the lense of a believer in the efficacy of big government and regulation. The author comes up with some interesting new observations, but does not answer the questions that a free marketer like me has: (1) why did AIG accept insufficient premiums for the level of risk that it was assuming? (2) why did US banks make loans to NINJAs when the government told them to: I would sacrifice market share rather than do that
1.)Why Did AIG and so many otherrs leverage itself 60 to 1?
2.) Commisions and bonus checks.