In the wake of the most significant financial crisis since the Great Depression, the President signed into law on May 20, 2009, the Fraud Enforcement and Recovery Act of 2009, creating the Financial Crisis Inquiry Commission. The Commission was established to "examine the causes, domestic and global, of the current financial and economic crisis in the United States."The 10 members of the bi-partisan Commission, prominent private citizens with significant experience in banking, market regulation, taxation, finance, economics, housing, and consumer protection, were appointed by Congress on July 15, 2009. The Chair, Phil Angelides, and Vice Chair, Bill Thomas, were selected jointly by the House and Senate Majority and Minority Leadership.The FCIC is charged with conducting a comprehensive examination of 22 specific and substantive areas of inquiry related to the financial crisis. These include:
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Financial Crisis Inquiry CommissionReview:
"Slate," December 2010
"With those books, you'll never need to read anything that emerges from the FCIC. But if you do, read the good stuff: the interviews in which it grilled executives from Wall Street and the housing industry. The commission called in the loan-makers and bankers that caused the crisis and forced them to answer questions about their businesses all for the public record. (It also subpoenaed thousands of pages of documents from Wall Street firms, though it is not clear if it will make those public.) There's no need to get the narrative from the FCIC. But if you want, say, to hear former Lehman CEO Dick Fuld try to defend himself, that's the place to go.
"NPR s Morning Edition"
The majority report reads a lot like a book, and a bit of a potboiler at that. The commission conducted hundreds of hours of interviews, with industry insiders, policymakers, whistle-blowers and regulators. And the pages of the majority's report are strewn with quotes from these interviews foreboding, eye-popping quotes. "New York Times," February 2, 2011
The report is full of fascinating information, rich detail and fine documentary evidence. "New York Times," January 30, 2011 The report still makes for compelling reading because so little has changed as a result of the debacle, in both banking and in its regulation. "Minneapolis"" Star-Tribune," January 29, 2011 At 662 pages, the FCIC report amounts to a sweeping forensic examination of a crisis that the commission says could have been avoided. The conclusions are written with style and infused with an appropriate tone of outrage, buttressed by more than 700 interviews (including one with Minnesota lawyer Prentiss Cox) and millions of documents. "New York Times," February 13, 2011
full of fascinating detail "
New York Times," February 17, 2011
Actually, the report and the online archive of testimony, interviews and documents that are now available is a treasure trove of invaluable information about the causes and consequences of the Great Recession. "New York"" Review of Books," April 28, 2011 The most comprehensive indictment of the American financial failure that has yet been made The definitive history of this period. "Forbes," April 18, 2011 The report is very comprehensive, is well written and provides study material for much more extensive analysis.
"CHOICE," August 2011 Anyone interested in studying the causes of the financial crisis that reached a critical mass in 2008 must read this report It is a Herculean research effort that deserves recognition. "
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Book Description United States Government Printing Office. Paperback. Book Condition: Fair. Bookseller Inventory # G016087727XI5N00
Book Description US Independent Agencies and Commissions, 2011. Book Condition: Fair. First, Official Government Edition. Shows definite wear, and perhaps considerable marking on inside. Bookseller Inventory # GRP87456162