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Financial Crisis Inquiry Commission

Sheila Bair Says There's A Big Problem With ‘The Big Short’

The Huffington Post | Zach Carter | Posted 02.04.2016 | Politics

WASHINGTON -- "The Big Short" has one big problem, according to Sheila Bair, a former top regulator who battled to rein in banking abuse during the gr...

Eleazar David Melendez

Jamie Dimon Rewrites History | Eleazar David Melendez | Posted 03.01.2013 | Business

Jamie Dimon now claims that he and his bank, JPMorgan Chase, labored to prevent the 2008 collapse of Lehman Brothers, according to documents filed in ...

Columnist: New York AG's Suit Against JPMorgan 'Thoroughly Unimpressive'

Bloomberg | Jonathan Weil | Posted 10.03.2012 | New York

Is this the best that Eric Schneiderman has got? Yesterday, the New York attorney general filed a thoroughly unimpressive lawsuit against JPMorgan ...

The Unrepentant and Unreformed Bankers

Phil Angelides | Posted 10.20.2012 | Business
Phil Angelides

These days, the business sections of newspapers read like rap sheets. Money laundering. Price fixing. Bid rigging. Securities fraud. Talking about the mob? No, unfortunately. Wall Street.

Ben Hallman

Federal Investigators Punt On Goldman Sachs, Other Financial Crisis Prosecutions | Ben Hallman | Posted 08.10.2012 | Business

By 2006, Goldman Sachs traders knew that the investments packed with subprime home mortgages they had been selling at big profits for the last few yea...

Another Conservative Myth Busted -- Did Fannie and Freddie Really Cause the Financial Sector Meltdown?

Marvin Meadors | Posted 08.11.2012 | Politics
Marvin Meadors

Another Big Lie circulating among conservatives is the belief that the Wall Street meltdown was caused by Fannie Mae and Freddie Mac, the Community Re...

Pay No Attention to That Man Behind the Curtain

Phil Angelides | Posted 07.21.2012 | Business
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.

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

Reuters | Posted 03.14.2012 | Business

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

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

Bloomberg | Christine Harper | Posted 05.25.2011 | Business

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

Warren Buffett: Great Companies Don't Require Good Management

Bloomberg | Andrew Frye and Dakin Campbell | Posted 05.25.2011 | Business

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

Jason Linkins

Financial Crisis Inquiry Commission Report Creeping Onto Best-Seller Lists | Jason Linkins | Posted 05.25.2011 | Business

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.

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

Bloomberg | Scott Lanman | Posted 05.25.2011 | Business

"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...

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

Richard (RJ) Eskow | Posted 05.25.2011 | Business
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?

Simon Johnson: The Ruinous Fiscal Impact Of Big Banks

New York Times | SIMON JOHNSON | Posted 05.25.2011 | Business

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...

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.

Who's Really to Blame for the Housing Crisis?

Jodie Allen | Posted 05.25.2011 | Business
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.

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 ...

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

Thomas Adams and Yves Smith | Posted 05.25.2011 | Business
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.

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.

Wall Street's Collapse To Be Mystery Forever

Bloomberg | Jonathan Weil | Posted 05.25.2011 | Business

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...

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.

Shahien Nasiripour

Crisis Panel Finds Wall Street Appeared To Violate Federal Law | Shahien Nasiripour | Posted 05.25.2011 | Business

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

The 10 Major Conclusions Of The Financial Crisis Commission

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

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

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

Mary Bottari | Posted 05.25.2011 | Business
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.

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

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

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