Financial Crisis Inquiry Commission News
Top 5 Dangers That Remain After the Financial Collapse, Lessons Learned
On the fifth anniversary of Lehman Brothers' bankruptcy filing, which many say catalyzed the financial collapse that began in 2008, five experts share the biggest lessons from that era and dangers that could spark another crisis. We asked how much has changed since the crisis that nearly brought
Are You About To Be Priced Out Of Housing Market?
Is the Federal Govt About to Make It More Difficult for You to Get a Mortgage?
Timeline of events in the financial crisis :
Events in the financial crisis: •April 2006:U.S. home prices peak as homeownership is starting to fall. •Summer 2007:Increasing delinquencies in subprime mortgages start to hurt the business of selling securities backed by the mortgages. Subprime securitizations fall from $75 billion in the second
Crisis inquiry panel calls recession avoidable
A congressionally appointed panel reported Thursday that the financial crisis that set off the Great Recession was avoidable, casting a wide net of blame over regulators and financial giants alike. The report — the government's first comprehensive review of what caused the crisis — offers a
Excerpts from Financial Crisis Inquiry Commission's report
In a book-length report, the Financial Crisis Inquiry Commission tells a story about the signs foretelling the crisis, how it unfolded and its aftermath. Excerpts: Before the storm On the surface, it looked like prosperity. After all, the basic mechanisms making the real estate machine hum — the
ABC News Update
White House officials say the unrest in Egypt has a chance for President Mubarak to listen to his people and an political reform. Activists are staging a third consecutive day of demonstrations calling for the ouster of Mubarak ruled for nearly thirty years. Egypt's ruling party says it's ready for
Panel: Signs of financial crisis widely ignored
Americans hoping to get a straight answer from a Congressionally-appointed panel on what caused the worst financial crisis since the Great Depression instead got three versions of the story in the final report issued today by the politically divided commission. After more than a year of analysis
Financial Crisis Was Avoidable, FCIC Report Says
ABC News’ Arlette Saenz reports: The financial crisis was avoidable, and government regulators and financial corporations missed key warning signs, which could have staved off the crisis, according to the first official government report on the causes of the financial...
The Note: GOP vs. Obama: Who’s ‘Winning’ The Sales Job?
As was the case with Rep. Paul Ryan’s official GOP response to the State of the Union address on Tuesday, the Republican strategy for pushing back against President Obama’s call for new “investments” appears to be to get the American people to swallow a bitter reality pill.
Issa targets 'broken bureaucracy'
The Obama administration can expect congressional hearings this year on WikiLeaks, foreclosures, corruption in Afghanistan and food safety as Republicans take over the House oversight committee. That's the agenda that Rep. Darrell Issa, the incoming chairman of the committee, laid out Monday. His