Monday, January 31, 2011

Official U.S. Government edition of The Financial Crisis Inquiry Report

"The official U.S. government report on what caused the financial crisis casts blame on Goldman Sachs for fueling the subprime mortgage bubble, Merrill Lynch for not telling investors about the true state of its financial condition and the Federal Reserve for failing to stop dangerous lending practices..". reported by Wash Post:  Zachary Goldfarb and Brady Dennis

Final report of the Financial Crisis Inquiry Commission (663 pgs)
http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf

Publisher: National Commission on the Causes of the Financial And Economic Crisis in the United States; or the Financial Crisis Inquiry Commission
Description: The official U.S. Government edition of The Financial Crisis Inquiry Report — including 129 pages of dissenting views.
In the wake of the most significant financial crisis since the Great Depression, President Obama signed into law an Act that established the Financial Crisis Inquiry Commission to “examine the causes, domestic and global, of the current financial and economic crisis in the United States.”
This bipartisan Commission was given a critical non-partisan mission — to examine the causes of the financial crisis that has gripped the country and to report its findings to the Congress, the President, and the American people.In the course of its research and investigation, the Commission reviewed millions of pages of documents, interviewed more than 700 witnesses, and held 19 days of public hearings in New York, Washington, D.C., and communities across the country that were hit hard by the crisis. Its final report includes the results of the Commission's inquiry and the Commission's conclusions as to the causes of the financial crisis based on this inquiry.