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On the 5th Anniversary of the Financial Crisis, 5 Critical Must-Do's -- No. 2

Phil Angelides | Posted 11.16.2013 | Politics
Phil Angelides

Five years after the financial collapse, there have been no real economic or legal consequences for the wrongdoing that brought our nation's economy to its knees.

On the 5th Anniversary of the Financial Crisis, 5 Critical Must-Do's -- No. 3

Phil Angelides | Posted 11.13.2013 | Politics
Phil Angelides

For the safety and security of our financial system and economy, these new rules need to get adopted without weakening and without delay. And then made even stronger.

On the 5th Anniversary of the Financial Crisis, 5 Critical Must-Do's -- No. 4

Phil Angelides | Posted 11.12.2013 | Politics
Phil Angelides

Too many of the nation's major institutional investors -- who manage the life savings of working Americans and who are major shareholders in the big banks -- have been silent and passive in the wake of the crisis.

On the 5th Anniversary of the Financial Crisis, 5 Critical Must-Do's -- No. 5

Phil Angelides | Posted 11.09.2013 | Politics
Phil Angelides

Five years ago this week, the financial system unraveled due to recklessness on Wall Street and regulatory failures in Washington. The American people...

Investors, Business Schools and Financial Crisis

Sion Owen | Posted 03.19.2012 | Business
Sion Owen

It is not just Wall Street that needs to be occupied and reformed, but Main Street, and the process is already underway in finance, retailing, manufacturing, education and politics. Perhaps this is the time for business schools to step forward and take a radical lead.

Moody's Hasn't Kept Promises To Change Its Ratings System

The New York Times | JESSE EISINGER | Posted 06.13.2011 | Business

In the aftermath of the financial crisis, nobody has gone to prison and there haven't been any serious structural changes in the financial system. But...

Merchants of Danger

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

The ugly truth, here and in Japan, is this: Unless government regains the will and the ability to regulate private industry, more catastrophes are all but inevitable.

Hank Paulson: Ex-Goldman Sachs CEO, Ex-Bush Treasury Secretary, and Ex-actly Right

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

Paulson's interview with the Financial Crisis Inquiry Commission may leave you wishing he was still in Washington. He highlights the absurdity of claims that the FCIC reached a "partisan" conclusion.

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...

Financial Crisis Panel Withholding 200-300 Interviews

Bloomberg | Joshua Zumbrun and Scott Lanman | Posted 05.25.2011 | Business

The Financial Crisis Inquiry Commission, created by Congress to investigate and report on the causes of the market meltdown late last decade, won't pu...

Fannie Mae and Freddie Mac's Days Are Numbered, But It's a Big Number

Lawrence G. McDonald | Posted 05.25.2011 | Business
Lawrence G. McDonald

Is there anything new we have learned in the FCIC's report? Are there clear recommendations that will help prevent another financial crisis? No. The commission was divided by politics.

On the Report of the Angelides Commission

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

The report of the Financial Crisis Inquiry Commission, festooned with its various Republican dissents, has receded into the past faster than this year...

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 ...

Republican Amnesia on the Financial Crisis

Brad Miller | Posted 05.25.2011 | Business
Brad Miller

The financial crisis occurred under a Republican administration that let the financial industry write its own rules. A narrative of the financial crisis that absolves Republicans and the financial industry requires an acrobatic and brazen imagination.

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.

Shahien Nasiripour

Crisis Panel Finds Wall Street Appeared To Violate Federal Law

HuffingtonPost.com | 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.

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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...

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.