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.
Only in the fever-swamps of the left could anyone believe that the Republicans on the FCIC sought to "ban" the words "Wall Street," "shadow banking," "interconnection," and "deregulation" from the commission's report.
Ben S. Bernanke was an economist at Stanford and Princeton for more than two decades before he moved to Washington to 2002, first as a member of the F...
UPDATE: 5:45 PM - Moody's Former Execs: Firm Lusted After Profits
More former top executives at Moody's Investors Service testified Wednesday that a ...
FINANCIAL CRISIS INQUIRY COMMISSION UPDATES:
The Financial Crisis Inquiry Commission held its second day of hearings in Washington today. (Watch the ...