Coverart for item
The Resource The financial crisis inquiry report : final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, submitted by the Financial Crisis Inquiry Commission pursuant to Public Law 111-21, (electronic resource)

The financial crisis inquiry report : final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, submitted by the Financial Crisis Inquiry Commission pursuant to Public Law 111-21, (electronic resource)

Label
The financial crisis inquiry report : final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States
Title
The financial crisis inquiry report
Title remainder
final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States
Statement of responsibility
submitted by the Financial Crisis Inquiry Commission pursuant to Public Law 111-21
Title variation
Final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States
Creator
Subject
Language
eng
Summary
From the Publisher: 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: fraud and abuse in the financial sector, including fraud and abuse towards consumers in the mortgage sector; Federal and State financial regulators, including the extent to which they enforced, or failed to enforce statutory, regulatory, or supervisory requirements; the global imbalance of savings, international capital flows, and fiscal imbalances of various governments; monetary policy and the availability and terms of credit; accounting practices, including, mark-to-market and fair value rules, and treatment of off-balance sheet vehicles; tax treatment of financial products and investments; capital requirements and regulations on leverage and liquidity, including the capital structures of regulated and non-regulated financial entities; credit rating agencies in the financial system, including, reliance on credit ratings by financial institutions and Federal financial regulators, the use of credit ratings in financial regulation, and the use of credit ratings in the securitization markets; lending practices and securitization, including the originate-to-distribute model for extending credit and transferring risk; affiliations between insured depository institutions and securities, insurance, and other types of nonbanking companies; the concept that certain institutions are 'too-big-to-fail' and its impact on market expectations; corporate governance, including the impact of company conversions from partnerships to corporations; compensation structures; changes in compensation for employees of financial companies, as compared to compensation for others with similar skill sets in the labor market; the legal and regulatory structure of the United States housing market; derivatives and unregulated financial products and practices, including credit default swaps; short-selling; financial institution reliance on numerical models, including risk models and credit ratings; the legal and regulatory structure governing financial institutions, including the extent to which the structure creates the opportunity for financial institutions to engage in regulatory arbitrage; the legal and regulatory structure governing investor and mortgagor protection; financial institutions and government-sponsored enterprises; and the quality of due diligence undertaken by financial institutions. The Commission is called upon to examine the causes of major financial institutions which failed, or were likely to have failed, had they not received exceptional government assistance. In its work, the Commission is authorized to hold hearings; issue subpoenas either for witness testimony or documents; and refer to the Attorney General or the appropriate state Attorney General any person who may have violated U.S. law in relation to the financial crisis
Cataloging source
GPO
Government publication
federal national government publication
Illustrations
  • illustrations
  • maps
Index
no index present
LC call number
HB3717 2008
LC item number
.U56 2010
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://bibfra.me/vocab/lite/organizationName
United States
http://library.link/vocab/subjectName
  • Global Financial Crisis (2008-2009)
  • Global Financial Crisis, 2008-2009
  • Financial crises
  • Economic history
  • Financial crises
  • United States
  • United States
Label
The financial crisis inquiry report : final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, submitted by the Financial Crisis Inquiry Commission pursuant to Public Law 111-21, (electronic resource)
Link
Instantiates
Publication
Note
  • "January 2011."
  • Paper version available for sale by the Supt. of Docs., U.S. G.P.O
Bibliography note
Includes bibliographical references (p. 553-633)
Color
mixed
Contents
Commissioners -- Commissioner votes -- Commission staff list -- Preface -- Conclusions Of The Financial Crisis Inquiry Commission -- Part 1: Crisis On The Horizon -- 1: Before our very eyes -- Part 2: Setting The Stage -- 2: Shadow banking -- 3: Securitization and derivatives -- 4: Deregulation redux -- 5: Subprime lending -- Part 3: Boom And Bust -- 6: Credit expansion -- 7: Mortgage machine -- 8: CDO machine -- 9: All in -- 10: Madness -- 11: Bust -- Part 4: Unraveling -- 12: Early 2007: Spreading subprime worries -- 13: Summer 2007: Disruptions in funding -- 14: Late 2007 to early 2008: Billions in subprime losses -- 15: March 2008: Fall of Bear Stearns -- 16: March to August 2008: Systemic risk concerns -- 17: September 2008: Takeover of Fannie Mae and Freddie Mac -- 18: September 2008: Bankruptcy of Lehman -- 19: September 2008: Bailout of AIG -- 20: Crisis and panic -- Part 5: Aftershocks -- 21: Economic fallout -- 22: Foreclosure crisis -- Dissenting Views -- By Keith Hennessey, Douglas Holtz-Eakin, and Bill Thomas -- By Peter J Wallison -- Appendix A: Glossary -- Appendix B: List of hearings and witnesses
Dimensions
23 cm
Dimensions
unknown
Edition
Official government ed.
Extent
  • xxviii, 633 p.
  • 1 online resource (xxviii, 633 p.)
File format
one file format
Form of item
online
Isbn
9781607963523
Other physical details
  • ill., map
  • ill., map.
Specific material designation
remote
System control number
(OCoLC)ocn698453302
Label
The financial crisis inquiry report : final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, submitted by the Financial Crisis Inquiry Commission pursuant to Public Law 111-21, (electronic resource)
Link
Publication
Note
  • "January 2011."
  • Paper version available for sale by the Supt. of Docs., U.S. G.P.O
Bibliography note
Includes bibliographical references (p. 553-633)
Color
mixed
Contents
Commissioners -- Commissioner votes -- Commission staff list -- Preface -- Conclusions Of The Financial Crisis Inquiry Commission -- Part 1: Crisis On The Horizon -- 1: Before our very eyes -- Part 2: Setting The Stage -- 2: Shadow banking -- 3: Securitization and derivatives -- 4: Deregulation redux -- 5: Subprime lending -- Part 3: Boom And Bust -- 6: Credit expansion -- 7: Mortgage machine -- 8: CDO machine -- 9: All in -- 10: Madness -- 11: Bust -- Part 4: Unraveling -- 12: Early 2007: Spreading subprime worries -- 13: Summer 2007: Disruptions in funding -- 14: Late 2007 to early 2008: Billions in subprime losses -- 15: March 2008: Fall of Bear Stearns -- 16: March to August 2008: Systemic risk concerns -- 17: September 2008: Takeover of Fannie Mae and Freddie Mac -- 18: September 2008: Bankruptcy of Lehman -- 19: September 2008: Bailout of AIG -- 20: Crisis and panic -- Part 5: Aftershocks -- 21: Economic fallout -- 22: Foreclosure crisis -- Dissenting Views -- By Keith Hennessey, Douglas Holtz-Eakin, and Bill Thomas -- By Peter J Wallison -- Appendix A: Glossary -- Appendix B: List of hearings and witnesses
Dimensions
23 cm
Dimensions
unknown
Edition
Official government ed.
Extent
  • xxviii, 633 p.
  • 1 online resource (xxviii, 633 p.)
File format
one file format
Form of item
online
Isbn
9781607963523
Other physical details
  • ill., map
  • ill., map.
Specific material designation
remote
System control number
(OCoLC)ocn698453302

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