The U.S. financial collapse in 2008 was avoidable and predictable, according to a report by a commission created to investigate the crisis. The report, generated by the Financial Crisis Inquiry Commission, is the subject of a House Financial Services hearing on Wednesday. That hearing will be live streamed on Sunlight Live, our award-winning multimedia platform combining data, live blogging, social networking and video streaming.
Among the report's key findings were that the collapse was a failure of:
- government regulation and supervision,
- corporate governance
- government preparation to deal with such a crisis
- excess risk by banking institutions
- loss of ...
