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Fcic Report

Non-Partisan FCIC Report Draws Partisan Dissent

Barbara Roper | Posted 05.25.2011 | Politics
Barbara Roper

At a point when the Republican Party has staked its political future on opposition to "job-killing regulations" the last thing Republicans can afford to do is acknowledge that lack of effective regulation was a root cause of a financial crisis.

Why Was There Demand For Bad Loans Before The Crisis?

Naked Capitalism | Tom Adams and Yves Smith | Posted 05.25.2011 | Business

In common with other accounts of the financial crisis, the Financial Crisis Inquiry Commission report notes that mortgage underwriting standards were ...

Can We Take Away Alan Greenspan's Pension?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Joe Nocera gets most of the story right in his NY Times discussion of the FCIC report; there was gross negligence, greed, and outright fraud -- but this wouldn't have lead to catastrophic consequences if we didn't have a housing bubble.

Horrible Lessons of the Great Recession Remind Us How Much More Needs to Be Done

Lisa Madigan | Posted 05.25.2011 | Chicago
Lisa Madigan

The release of the Financial Crisis Inquiry Commission's final report confirms what some of us have been shouting for the past several years: It did not have to happen, and it must not happen again.

Economic Collapse Was Foreseen

Robert S. McElvaine | Posted 05.25.2011 | Business
Robert S. McElvaine

The Republican minority on the Financial Crisis Inquiry Commission asserts that the Commission Report's conclusion that the crisis was "avoidable" is mistaken.

The Wall Street Empire Strikes Back

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The Financial Crisis Inquiry Commission just released its report, and it's already under attack by the Four Horsemen of the Economic Apocalypse: the Ideologue, the Lobbyist, the Think-Tanker, and the Politician.

Breaking the Silence: FCIC Report Brings the Focus Back to Wall Street

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

At a time when the nation's capital is convinced that CEOs need appeasing rather than policing, the FCIC report is a badly needed return to reality.

Dictionary, Please: Wall Street's Wallison Doubles Down on Doublespeak

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The Republicans on the Financial Crisis Inquiry Commission tried to undermine that group's work by attempting to ban phrases like "Wall Street" from its final report. Now they are trying to explain away their behavior.

Shahien Nasiripour

FCIC Delays Report Despite Republican Opposition, Citing 'Very Powerful Interests' Seeking To Undermine Investigations | Shahien Nasiripour | Posted 05.25.2011 | Business

The bipartisan panel created to investigate the roots of the financial crisis voted Wednesday to delay the Dec. 15 publication of their report despite...