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The Financial Crisis Inquiry Report - The Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United Stat (Paperback)
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Discovery Miles 8 650
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The Financial Crisis Inquiry Report - The Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United Stat (Paperback)
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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.
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