Counterparty Risk Management Policy Group III was created by people in the financial industry to provide the Bush administration with a private sector analysis of the credit market crisis of
2007 and 2008. Here is the report it delivered to the secretary of the treasury in August 2008. Presumably it was favorably received, because the banks responsible have since been showered with
taxpayer money to mitigate any risk or loss they might have entailed. Also included are observations by Swiss banker Mario Draghi, and a March 2008 policy statement on financial market
developments by the President's Working Group on Financial Markets. Annotation 穢2010 Book News, Inc., Portland, OR (booknews.com)
