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vi CONTENTS

PART IV: THE UNRAVELING
Chapter  Early : Spreading Subprime Worries.................................
Chapter  Summer : Disruptions in Funding....................................
Chapter  Late  to Early : Billions in Subprime Losses ...........
Chapter  March : The Fall of Bear Stearns........................................
Chapter  March to August : Systemic Risk Concerns....................
Chapter  September :
The Takeover of Fannie Mae and Freddie Mac..................
Chapter  September : The Bankruptcy of Lehman........................
Chapter  September : The Bailout of AIG........................................
Chapter  Crisis and Panic..............................................................................

PART V: THE AFTERSHO CKS

Chapter  The Economic Fallout...................................................................
Chapter  The Foreclosure Crisis ..................................................................

DISSENTING VIEWS
By Keith Hennessey, Douglas Holtz-Eakin, and Bill Thomas ........................
By Peter J. Wallison....................................................................................................

Appendix A: Glossary .......................................................................................539
Appendix B: List of Hearings and Witnesses ......................................................545
Notes................................................................................................................553
Index available online at www.publicaffairsbooks.com/fcicindex.pdf