The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Charts and tables. This is a print on demand report.
Formed in May 2009, the Financial Crisis Inquiry Commission (FCIC) is a panel of 10 commissioners with experience in business, regulations, economics, and housing, chosen by Congress to explain what happened and why it happened.
In a key memo dated Iune 27, 2005 (the “Crossroads” memo), Tom Lund, Executive Vice President for Single Family Business, addressed the question of Fannie's loss of market share and how this share position could be regained.
Formed in May 2009, the Financial Crisis Inquiry Commission (FCIC) is a panel of 10 commissioners with experience in business, regulations, economics, and housing, chosen by Congress to explain what happened and why it happened.
The moral hazard introduced by this one act irreparably changed the position of Lehman Brothers and every other large firm in the world's financial system. From that time forward, (i) the critical need for more capital became less ...
Such is the first conclusion of the Financial Crisis Inquiry Commission in its Final Report, a 2011 incarnation of the Pecora Report and the most comprehensive accounting to date of the essential facts, causes, and consequences of the 2008 ...
The final report of the Financial Crisis Inquiry Commission: hearing before the Committee on Financial Services, U.S. House of Representatives, One Hundred Twelfth Congress, first session, February 16, 2011.
Reviewing the Financial Crisis Inquiry Commission's Final Report: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States...
The Final Report of the Financial Crisis Inquiry Commission: Hearing Before the Committee on Financial Services, U.S. House of Representatives,...
Reviewing the Financial Crisis Inquiry Commission's final report: hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Twelfth Congress, first session ... May 10, 2011.