JMS Posted January 25, 2011 Share Posted January 25, 2011 http://www.thedailybeast.com/cheat-sheet/?cid=hp:cheatsheet2#cheatrow_23488 Financial Crisis Panel Suggests Prosecutions Could this interfere with the administration’s plans to make nice with big business? President Obama’s bipartisan Financial Crisis Commission has concluded that several industry figures have broken the law, and it has referred these cases to federal and state authorities for possible prosecution. The panel has been investigating the causes of the financial crisis for 20 months and will reveal its findings on Thursday; it appears though that there will be no consensus, as the panel is actually prepared to issue three reports along partisan lines. The report from six Democrats, including chairman Phil Angelides, will focus on Wall Street greed, regulation failures, and “shadow banking.” Republican Pete Wallison will issue his own report focusing on “big government” housing policies, while the three other Republicans will issue a report downplaying the big banks’ responsibility and instead blaming the crisis on global trends Link to comment Share on other sites More sharing options...
DRSmith Posted January 25, 2011 Share Posted January 25, 2011 Can't say a little from column A and Column B Did the crash in the US start other markets falling or was it reversed or unrelated? By the way was there ever a law that forced any bank to lend money to a person who did not qualify? Link to comment Share on other sites More sharing options...
zoony Posted January 25, 2011 Share Posted January 25, 2011 Though it needs to happen, I'm not holding out hope. Link to comment Share on other sites More sharing options...
JMS Posted January 25, 2011 Author Share Posted January 25, 2011 Can't say a little from column A and Column BDid the crash in the US start other markets falling or was it reversed or unrelated? By the way was there ever a law that forced any bank to lend money to a person who did not qualify? Started here... Link to comment Share on other sites More sharing options...
Prosperity Posted January 26, 2011 Share Posted January 26, 2011 Link to comment Share on other sites More sharing options...
JMS Posted January 26, 2011 Author Share Posted January 26, 2011 I think that hole is too large, and about 24 inches too low. Link to comment Share on other sites More sharing options...
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