Financial Crisis Inquiry Report
The Financial Crisis Inquiry Commission was created to "examine the causes of the current financial and economic crisis in the U.S." In this report, the Commission presents the results of its examination and its conclusions as to the causes of the crisis. More than two years after the worst of the financial crisis, our economy continues to experience the aftershocks. Millions of Americans have lost their jobs and their homes, and the economy is still struggling to rebound. This report is intended to provide a historical accounting of what brought our financial system and economy to a precipice and to help policy makers and the public better understand how this calamity came to be. Charts and tables. This is a print on demand report.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
AH goals AIG’s assets August Bank of America bankruptcy Bear Stearns Bear’s Bernanke billion Board borrowers capital cash CDOs Chairman Citigroup collateral commercial paper Commission company’s counterparties Countrywide credit default swaps debt delinquency downgraded equity exposure Fannie and Freddie Fannie Mae Fannie’s FDIC Fed’s Federal Reserve financial crisis financial institutions financial system firms foreclosure Freddie Mac Goldman Sachs GSEs hedge funds housing bubble housing prices increase interest rates interview by FCIC investment banks investors JP Morgan June Lehman Brothers lenders leverage liquidity losses Merrill Lynch Moody's Moody’s Morgan Stanley mortgage market mortgage-backed securities NTMs October OFHEO Paulson payments percent PMBS portfolio purchase rating agencies real estate regulators repo risk management securitization September Shadow Banking System staff subprime and Alt-A Subprime Lending subprime loans Supervision thrifts told the FCIC tranches transcript Treasury trillion Wachovia Wall Street York Fed