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Financial Crisis Inquiry Commission

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Fannie and Freddie - Not Their Fault?

Thursday, February 17, 2011

Ultimately, because they were a profit making organization they decided to try to regain market share, drive up profits, drive up compensation. They joined the party late and unfortunately in the late stages of the crisis they bought a significant amount of subprime securities. But even then they peaked, they never bought more than 28 percent of the subprime mortgage backed securities on the market. So they helped inflate the housing boom, they added helium to the balloon, but they were not the primary drivers.

Phil Angelides Financial Crisis Inquiry Commission chairman, on The Brian Lehrer Show.

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The Brian Lehrer Show

Crisis Lessons: Aftershocks

Thursday, February 10, 2011

Today is the second in a four-part series with Phil Angelides every Thursday in February. This week: the aftershock effect of the financial meltdown in state governments and the private economy.

Phil Angelides, Financial Crisis Inquiry Commission chairman, is the monthly guest for February. This week, he continues to unpack the commission's findings, taking a look at the ongoing fallout of the economic meltdown.

Read a Recap and Join the Conversation at It's A Free Country

The Brian Lehrer Show

Crisis Lessons: Report Overview

Thursday, February 03, 2011

Today is the first in a four-part series with Phil Angelides every Thursday in February. Today: An Overview.

Financial Crisis Inquiry Commission chairman Phil Angelides discusses his group's findings on the reasons behind the economic meltdown.

Read a Recap and Join the Conversation at It's A Free Country

It's A Free Country ®

The FCIC Ghost Story: Shadow Banking

Thursday, February 03, 2011

I had spent a lot of my life in the private sector, in finance, and I was stunned by what I learned this year, I was shocked. The extent to which our financial system went from being a system to support the real economy—companies, job creation, wealth creation in this country—to a system that was money making money. Financial engineering alone to the great detriment of the country.

— Phil Angelides, chairman of the FCIC, on the Brian Lehrer Show

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The Brian Lehrer Show

Financial Crisis Commission: What We've Learned

Thursday, January 27, 2011

Charles Herman, WNYC business and economics editor, has been monitoring the press conference and report from the Financial Crisis Inquiry Commission this morning - he offers his highlights.

→ Read A Primer on the Findings, Watch Live Video of the Panel, And Add Your Thoughts at It's A Free Country

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The Takeaway

Financial Crisis Commission Blames Wall Street

Thursday, January 27, 2011

Who or what was responsible for the worst economic crisis since the 1920s? And could it have been prevented? That is what the Financial Crisis Inquiry Commission set to find out when they interviewed over 700 people. Today they release their 576 page report. Michael Hudson, reporter for the Center for Public Integrity and the author of "The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America and Spawned a Global Crisis" says Wall Street greed and lack of government regulation were the biggest causes for the crisis.

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The Brian Lehrer Show

Financial Comission Reports Back

Thursday, January 27, 2011

Joe NoceraNew York Times business columnist and author of the Executive Suite blog, previews the Financial Crisis Inquiry Commission press conference taking place this morning.

→ Read A Primer on the Findings, Watch Live Video of the Panel, And Add Your Thoughts at It's A Free Country

The Takeaway

This Week's Agenda: State of the Union, Economy

Monday, January 24, 2011

President Obama's State of the Union Address on Tuesday is the most anticipated event of the week. Kai Wright, editorial director of ColorLines Magazine, says this speech will signal the start of the 2012 presidential campaign. He shares what to expect from the President's speech, and what the aftermath of it will look like. Kai says the match up is no longer Republicans vs. Democrats, as much as it's Republicans vs. Republicans.

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The Brian Lehrer Show

Why the Economy Crashed

Monday, September 13, 2010

Phil Angelides, Financial Crisis Inquiry Commission chairman, talks about the testimonies the commission is gathering from experts, culprits, and the victims of the economic meltdown.

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