Fictions of Speculation: Introduction

Abstract

There are plenty of texts in which one might not be surprised to find an alien invasion on only the second page, but The Financial Crisis Inquiry Report (2010) – the seven-hundred-page document produced by the Congressional Financial Crisis Inquiry Commission – is hardly one of them. The Inquiry Report opens by invoking the dizzying difficulty of its own task: from “millions of pages of documents,” the Inquiry Report begins by noting, its authors have attempted to understand events compared, just in the Inquiry Report's first two pages, to “mass delusion,” “a hurricane,” a “perfect storm,” a “train wreck,” and, finally, an “alien event.” This proliferation of metaphors suggests an encounter with a set of historical conditions whose magnitude and complexity render them recalcitrant to representation. What overwhelms the authors of the Inquiry Report is not simply the complexity – the length and breadth – of the story to be told, but the question of what sort of story it should be: if the crisis was described even by those who should have been in the know as “dramatic and mystifying,” how could one render it legible while at the same time doing justice to its singularity?