Tags » Financial Crisis Inquiry Commission

5th Anniversary of the Financial Crisis Inquiry Commission’s Report

The Financial Crisis Inquiry Commission’s Final Report:

Five years ago this week, the Financial Crisis Inquiry Commission (FCIC), which conducted the nation’s official inquiry into the causes of the financial and economic crisis of 2008, made public the results of its investigation. 404 more words

The $50 billion Internet company

Appearing before the Financial Crisis Inquiry Commission on May 26, 2010, this is what Warren Buffett had to say:

“The Internet was going to change our lives, but it didn’t mean that every company was worth $50 billion that could dream up a prospectus.”

Amit

The Financial Crisis III. How Do We Sort Out What Happened?

The Financial Crisis in 2008 was one of the most disruptive events in U.S. history.  It is crucial that we understand what caused it so that we can recover from it more fully and avoid a recurrence.  373 more words

Jack Heidel

Why No Prosecutions for Financial Fraud

The Financial Crisis: Why Have No High-Level Executives Been Prosecuted?

By Judge Jed S. Rakoff

…In striking contrast with these past prosecutions, not a single high-level executive has been successfully prosecuted in connection with the recent financial crisis, and given the fact that most of the relevant criminal provisions are governed by a five-year statute of limitations, it appears likely that none will be. 234 more words

News

Wall Street Management's Scarce Prosecution.

Posted December 9, 2013

by Jerry Alatalo

Jed Saul Rakoff is a federal judge for the U.S. District Court for the Southern District of New York. 1,171 more words

Earth Matters

The Solution to the Problem?

In my last blog, I discussed risks, both borrower and lender, as well as lender social responsibility.  Now, I wish to discuss measures taken to prevent the reoccurrence of such a financial tragedy.    463 more words