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Peter J. Wallison (born June 6, 1941, in New York City) is a lawyer and the Arthur F. Burns Fellow in Financial Policy Studies at the American Enterprise Institute. He specializes in financial markets deregulation. He was White House Counsel during the Tower Commission's inquiry into the Iran Contra Affair. He was a frequent commentator in the mass media on the Federal takeover of Fannie Mae and Freddie Mac, Financial crisis of 2007—2008, and related matters.