FactWatch: Fannie and Freddie were followers, not leaders, in mortgage frenzy

By Michael Hudson

Republicans insist that Fannie Mae and Freddie Mac "were the main cause of the nation's current financial turmoil” but a look at the data sh

Excerpts from this story referencing "Financial Crisis Inquiry Commission":

"… urmoil.” Many critics — including Republican appointees to the federal Financial Crisis Inquiry Commission — blame the two government-chartered mortgage underwriters for pushing l …"

"… Fannie and Freddie’s role is likely to heat up in late January when the Financial Crisis Inquiry Commission is expected to release its report to the nation. The 10-member commission, …"

WaMu, other banks motivated by greed, financial crisis probe concludes

By David Heath

WaMu, other bankers knowingly sold bad loans, Senate probe of crisis concludes

Excerpts from this story referencing "Financial Crisis Inquiry Commission":

"… financial crisis that rocked U.S. financial markets in 2007-09.  The Financial Crisis Inquiry Commission, created by Congress, interviewed hundreds of witnesses before issuing its …"

The 'dry rot' eating away at the financial system

By Michael Hudson

President Obama has been talking a bit tougher about Wall Street these days -- prompting complaints from some quarters that he's being mean

Excerpts from this story referencing "Financial Crisis Inquiry Commission":

"… 's being mean to investment bankers.Meanwhile, the chairman of the federal Financial Crisis Inquiry Commission, Phil Angelides, also has some strong words for Wall Street — and Washin …"

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The end of Lehman, part 1

By Michael Hudson

On the second anniversary of Lehman Brothers’ bankruptcy, staff writer Michael Hudson, the author of a new book on how Lehman helped fuel th

Excerpts from this story referencing "Financial Crisis Inquiry Commission":

"… y figure” had gained a “fairly sympathetic hearing” from the federal Financial Crisis Inquiry Commission as he gave his version of the chaotic days before Lehman’s massive bankr …"

Consumer advocate Warren returns to ring for more sparring with GOP-led panel

By Julie Vorman

Elizabeth Warren returns to GOP-led hearing for more sparring over consumer agency

Excerpts from this story referencing "Financial Crisis Inquiry Commission":

"… vernment Reform subcommittee holds hearing titled, "What went wrong at the Financial Crisis Inquiry Commission?"   Begins 0930 ET.  Witnesses TBA. Thursday, July 14F …"

2012 election + weak housing market = new White House policies?

By Shirley Gao and Julie Vorman

The fast-approaching 2012 election has the Obama administration eyeing new policies to breathe life into housing market

Excerpts from this story referencing "Financial Crisis Inquiry Commission":

"… monthly payments.Blame Fannie Mae - A Republican member of the now-defunct Financial Crisis Inquiry Commission is trying to revive the argument that Fannie Mae and government housing po …"

"… orm panel is scheduled to hold a hearing titled, “What went wrong at the Financial Crisis Inquiry Commission?”.CFPB prepares for bank exams – Big U.S. banks can expect to receive …"

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S&P not shy about using its clout politically

By Michael Hudson and Aaron Mehta

S&P and other credit rating firms wield as much political clout as financial

Excerpts from this story referencing "Financial Crisis Inquiry Commission":

"… t favorable rating to win business and greater market share.”The federal Financial Crisis Inquiry Commission concluded that “credit rating agencies were essential cogs in the wheel …"

Does DOJ probe mean the government is finally turning up heat on the rating agencies?

More evidence that Moody's prized profit above accuracy

Excerpts from this story referencing "Financial Crisis Inquiry Commission":

"… he highest grades on pools of toxic mortgages, may bear the most blame.The Financial Crisis Inquiry Commission concluded that the rating agencies were “essential cogs in the wheel of …"

Countrywide protected fraudsters by silencing whistleblowers, say former employees

By Michael Hudson

Exclusive interview with a high-ranking Bank of America whistleblower reveals corruption that led to the financial collapse

Excerpts from this story referencing "Financial Crisis Inquiry Commission":

"… testimony a year ago, the ex-CEO defended his company, telling the federal Financial Crisis Inquiry Commission that Countrywide “probably made more difference in society, in the integ …"

"… ed as a manager within the investigations unit from 2004 to 2008, told the Financial Crisis Inquiry Commission the company worked hard “to root out all the fraud that we could possibl …"

What's still hidden in AIG's files?

By Ben Protess

Company trustees, lawmakers resist calls for more disclosure

Excerpts from this story referencing "Financial Crisis Inquiry Commission":

"… Treasury Secretary Timothy Geithner was in charge of the New York Fed. The Financial Crisis Inquiry Commissionscrutinized the payouts—specifically to Goldman Sachs-- at a hearing Wedn …"

"… ooperation, another potential route for obtaining AIG’s documents is the Financial Crisis Inquiry Commission. When Congress created the bipartisan commission, lawmakers gave it subpoe …"

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