The blow-by-blow chronicle of regulatory negligence and Wall Street recklessness released...by a Congressional commission amounts to a scathing warning to the government about ways to prevent a recurrence of the 2008 financial crisis.
So begins The New York Times article about the report which was released by the Financial Crisis Inquiry Commission. This report, which I will begin reviewing today, delves into several areas of the crisis and contains several case studies of actual institutions involved in the crisis. Contrary to the view that no one could have seen the crisis coming, the report is said to offer specific recommendations for ways such a dire tragedy can be averted in the future. The report is available at the referenced link.
http://fcic.law.stanford.edu/
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