Chuckanut
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The Financial Crisis Inquiry Commission spent over a year looking into the causes of the financial crisis that has hurt our nation and the world.
You can find their report here:
Get the Report : Financial Crisis Inquiry Commission
You can find their conclusions here:
http://fcic.law.stanford.edu/report/conclusionsA
A few quotes:
We conclude widespread failures in financial regulation and supervision proved devastating to the stability of the nation’s financial markets.
We conclude dramatic failures of corporate governance and risk management at many systemically important financial institutions were a key cause of this crisis.
We conclude a combination of excessive borrowing, risky investments, and lack of transparency put the financial system on a collision course with crisis.
We conclude the government was ill prepared for the crisis, and its inconsistent response added to the uncertainty and panic in the financial markets.
We conclude there was a systemic breakdown in accountability and ethics.
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You can find their report here:
Get the Report : Financial Crisis Inquiry Commission
You can find their conclusions here:
http://fcic.law.stanford.edu/report/conclusionsA
A few quotes:
We conclude widespread failures in financial regulation and supervision proved devastating to the stability of the nation’s financial markets.
We conclude dramatic failures of corporate governance and risk management at many systemically important financial institutions were a key cause of this crisis.
We conclude a combination of excessive borrowing, risky investments, and lack of transparency put the financial system on a collision course with crisis.
We conclude the government was ill prepared for the crisis, and its inconsistent response added to the uncertainty and panic in the financial markets.
We conclude there was a systemic breakdown in accountability and ethics.
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