The booze was flowing. Nobody wanted to leave. And the police didn’t bother to shut it down. While the bash is often great in the moment, the morning after usually isn’t pretty.
Such are the findings of the Financial Crisis Inquiry Commission, the Congressional panel that issued The causes of the Wall Street disaster that triggered the worst economic rout since the Great Depression. In the 576-page report released on Thursday, there’s not a hero to be found.
The report, which comes on the heels of countless books and Congressional hearings, seems to offers few headline revelations. Still, the narrative in those pages will give pause to even the most jaded observer — including hard-to-forget e-mails, conversations and documents that collectively detail how the credit crisis happened.
For more: Everyone Was to Blame, Crisis Commission Finds - NYTimes.com
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