Financial Crisis Inquiry Commission

Pay No Attention to That Man Behind the Curtain

Phil Angelides | Posted 05.21.2012

Read More: Banking, JPMorgan Chase, Banks, Wall Street, Jpmorgan, Jamie Dimon, Financial Crisis Inquiry Commission, Derivatives, Volcker Rule, Glass-Steagall, Business News
Phil Angelides

Jamie Dimon was hailed as the wizard of Wall Street. Until the revelation of JPMorgan Chase's disastrous derivatives bet, he was the man who supposedly could do no wrong. But, alas, even wizards are not all powerful, not in Oz and not when trading in financial derivatives.

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Look Who Hopes To Turn A Profit From The Wrecked Housing Market

Reuters | Posted 03.14.2012

Read More: Bloomberg, Video, Pimco, Wall Street, Motgages, Financial Crisis Inquiry Commission, Reuters, The Federal Housing Finance Agency, TriArchic Advisors, Mortgage Crisis, Mortgage Resolution Partners, Phil Angelides, Investors, Business News

* Gordian Sword: "We just might do a good thing for America" * Jan. letter says success of firm rests on "secret formula" ...

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Goldman CEO Fought Against Raising Wall St. Salaries -- Then Got A Big Raise

Bloomberg | Christine Harper | Posted 05.25.2011

Read More: Business News, Lloyd Blankfein, Goldman Sachs, Wall Street Bonuses, Financial Crisis Inquiry Commission, Wall Street Salaries, Business News

Lloyd Blankfein, Goldman Sachs Group Inc.'s chairman and chief executive officer, warned against raising base salaries on Wall Street less than eight ...

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Warren Buffett: Great Companies Don't Require Good Management

Bloomberg | Andrew Frye and Dakin Campbell | Posted 05.25.2011

Read More: Warren Bufett, Buffett Management, Warren Buffet Investing, Financial Crisis Inquiry Commission, Warren Buffett FCIC, Business News

Warren Buffett, the billionaire chief executive officer of Berkshire Hathaway Inc., said he rates businesses on their ability to raise prices and some...

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Jason Linkins

Financial Crisis Inquiry Commission Report Creeping Onto Best-Seller Lists

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011

Read More: Bestsellers, Financial Crisis Inquiry Commission, Financial Crisis, Eat the Press, Phil Angelides, Business News

It sounds pretty good to me that people are taking an interest in the commission's findings. If you'd like some recommendations for further reading on the subject, here are a few recommendations.

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Bernanke: I'd Defend Financial Crisis Decision To My 'Deathbed'

Bloomberg | Scott Lanman | Posted 05.25.2011

Read More: Financial Crisis Inquiry Commission, Fcic, Federal Reserve, Ben Bernanke, Lehman Brothers Failure, Financial Fix, Bailout, Financial Crisis, Business News

"I will maintain to my deathbed, that we made every effort to save Lehman, but we were just unable to do so because of a lack of legal authority," Ber...

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Fannie's Scandalized, Freddie's Dead -- and the Next Financial Meltdown May Have Already Started

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Robert Rubin, Yves Smith, Financial Crisis Inquiry Commission, Deregulation, Privatization, Daniel Mudd, Fannie Mae, Alan Greenspan, Fannie and Freddie, Freddie Mac, Center for American Progress, Business News
Richard (RJ) Eskow

Here's an idea: Let's give hundreds of billions of dollars in government-backed guarantees to private banks so they make a fortune writing mortgages without any risk to themselves. Hey, what could go wrong?

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Simon Johnson: The Ruinous Fiscal Impact Of Big Banks

New York Times | SIMON JOHNSON | Posted 05.25.2011

Read More: Banking, Financial Crisis, JPMorgan Chase, Banks, Big Banks, Financial Crisis Inquiry Commission, Barclays, Business News

The newly standard line from big global banks has two components -- as seen clearly in the statements of Jamie Dimon of JPMorgan Chase and Robert E. D...

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Non-Partisan FCIC Report Draws Partisan Dissent

Barbara Roper | Posted 05.25.2011

Read More: Politics, Financial Crisis, Fcic, Democrats, Fcic Report, Financial Crisis Inquiry Commission, Republicans, Politics News
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.

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Who's Really to Blame for the Housing Crisis?

Jodie Allen | Posted 05.25.2011

Read More: Freddie Mac, Bush Administration, Fannie Mac, Financial Crisis Inquiry Commission, Stepheen Moore, American Enterprise Institute, Fcic, Rockies Air and Space Museum, Bullish on Bush, Wall Street, Joe Nocera, Nyt, Peter Wallison, Business News
Jodie Allen

Measures are needed to restrain the public as well as the private financial sectors. But it might be easier to enact sensible reforms if the fingers of blame point in a more equitable direction.

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Why Was There Demand For Bad Loans Before The Crisis?

Naked Capitalism | Tom Adams and Yves Smith | Posted 05.25.2011

Read More: Business News, Fcic Report, Bad Mortgage Loans, Federal Reserve Board, Housing Crisis, Financial Crisis Inquiry Commission, Fcic, Business News

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

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FCIC Report Misses Central Issue: Why Was There Demand for Bad Mortgage Loans?

Thomas Adams and Yves Smith | Posted 05.25.2011

Read More: Magnetar, Financial Crisis, Subprime Mortgages, Collateralized Debt Obligations, Financial Crisis Inquiry Commission, Business News
Thomas Adams and Yves Smith

It is remarkable that the FCIC, with its access to industry figures and its subpoena powers, was unable to refine this sort of analysis together to give a clear picture of what was actually happening in the CDO market.

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Economic Collapse Was Foreseen

Robert S. McElvaine | Posted 05.25.2011

Read More: Income Distribution, Marketism, Fcic Report, Financial Crisis Inquiry Commission, Financial Reform, Economic Crisis, Financial Crisis, Fcic, Financial Regulation, Business News
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.

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Wall Street's Collapse To Be Mystery Forever

Bloomberg | Jonathan Weil | Posted 05.25.2011

Read More: Business News, US Economy, Wall Street's Collapse, Wall Street, Financial Crisis Inquiry Commission, Jonathan Weil, Business News

To get to the heart of what went wrong with the report released yesterday by the Financial Crisis Inquiry Commission, check out its account on page 25...

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The Wall Street Empire Strikes Back

Richard (RJ) Eskow | Posted 05.25.2011

Read More: American Enterprise Institute, Ronald Reagan, Fcic Report, Fcic, Financial Crisis Inquiry Commission, Deregulation, Julian Assange, Phil Angelides, Bank Fraud, Politics News
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.

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Shahien Nasiripour

Crisis Panel Finds Wall Street Appeared To Violate Federal Law

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Keith Johnson, Financial Crisis Inquiry Commission, Financial Crisis, Richard Bowen, Fcic, Clayton Holdings, Business News

Wall Street firms that sold mortgage-backed securities appear to have violated federal securities laws by misleading investors on the quality of the u...

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The 10 Major Conclusions Of The Financial Crisis Commission

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: Mortgages, Lenders, Credit Rating Agencies, Financial Crisis Inquiry Commission, Financial Reform, Fcic, Borrowers, Financial Crisis, Phil Angelides, Financial Regulation, Business News

In a report released today, the Financial Crisis Inquiry Commission found that "reckless" Wall Street firms, an abundance of cheap credit and "weak" f...

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U.S. Chamber Attacks FCIC as "Job-Killing" WikiLeakers

Mary Bottari | Posted 05.25.2011

Read More: Bank of America, Fcic, Financial Crisis Inquiry Commission, Business News
Mary Bottari

This is what the Chamber fears most of all, the FCIC's planned release of those reckless, imprudent and downright ugly emails from the masters of the universe crowing about how well they do their jobs -- fleecing America.

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Groups Say Iowa AG Retreats From Promise To Be Tough On Robo-Sign Banks

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: Financial Crisis Inquiry Commission, Iowa, Foreclosures, Mortgage Servicers, Foreclosure Fraud, Financial Crisis, Robo-Signers, Tom Miller, Business News

This post has been updated The attorney general leading the investigation into "robo-signing" mortgage companies may be backtracking on promises to h...

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Shahien Nasiripour

Goldman Sachs Nets Billions From AIG In New 'Backdoor Bailout'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Goldman Sachs, Financial Crisis Inquiry Commission, Abacus, Backdoor Bailout, Financial Crisis, Aig, Goldman Sachs Aig, Fcic, Goldman Abacus, Business News

Goldman Sachs collected $2.9 billion from the American International Group as payout on a speculative trade it placed for the benefit of its own accou...

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

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Ben Bernanke, Alan Greenspan, Fcic, State of the Union, Barack Obama, Tim Geithner, Fcic Report, Financial Crisis Inquiry Commission, Business News
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.

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"We Do Big Things"

Rev. Al Sharpton | Posted 05.25.2011

Read More: Financial Crisis Avoidable, Sotu 2011 Response, Sotu, Financial Crisis Inquiry Commission, Financial Crisis Inquiry Commission Report, Obama SOTU 2011, Sotu 2011, Obama SOTU, Business News
Rev. Al Sharpton

"We do big things" was a call to action for renewed innovation and creativity that defined much of our progress in years past. These words were also a resounding call to appreciate and honor the American spirit.

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Financial Meltdown Was 'Avoidable,' Crisis Panel Finds

Posted 05.25.2011

Read More: Financial Crisis, Fcic, Financial Crisis Inquiry Commission, Financial Crisis Causes, Business News

WASHINGTON (By Dave Clarke) The financial crisis could have been avoided and was the result of poor decision making both in Washington and at top fi...

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Shahien Nasiripour

Financial Crisis Panel May Recommend Wall Street Prosecutions

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Financial Crisis Prosecutions, Fcic, Phil Angelides, Financial Reform, Financial Crisis Inquiry Commission, Business News

The bipartisan panel appointed by Congress to investigate the financial crisis has concluded that several financial industry figures appear to have br...

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Vampire Squid? Big Government? U.S. Crisis Reports Murky

Posted 05.25.2011

Read More: Business News, Banking Debacle, Financial Crisis Inquiry Commission, U.S. Crisis Report, Financial Crisis, Business News

WASHINGTON (By Kevin Drawbaugh and Dave Clarke) - Three competing, politically recognizable tales of the financial crisis will emerge this week when ...

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