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Assigning Fault for the Crisis

The Financial Crisis Inquiry Commission’s nearly two-year examination of the 2008 crisis lays blame on two presidential administrations, regulatory agencies and big players on Wall Street.

The panel appointed by Congress to investigate the causes and consequences of the financial crisis has found that there plenty of blame to go around, The New York Times’s Sewell Chan reports. “Some of its some of its most grave conclusions concern government failings, with embarrassing implications for both political parties,” The Times says. The full report is expected to be released as a 576-page book on Thursday. It was based on 19 days of hearings and interviews with more than 700 witnesses. Transcripts and other raw material will also be released online.


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