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Jan 27, 2011

Split U.S. crisis panel blames Greenspan, Wall Street

WASHINGTON (Reuters) – A deeply divided U.S. investigative panel issued a scathing critique of the culture of deregulation championed by Former Federal Reserve Chairman Alan Greenspan, saying the government had ample power to avert the financial crisis of 2007-2009 and chose not to use it.

The 10-member Financial Crisis Inquiry Commission’s final report, released on Thursday, was endorsed only by its six Democratic members, undermining its impact as the post-crisis Dodd-Frank law banking reforms are being implemented.

Jan 27, 2011

Split US crisis panel blames Greenspan, Wall St

WASHINGTON, Jan 27 (Reuters) – A deeply divided U.S.
investigative panel issued a scathing critique of the culture
of deregulation championed by Former Federal Reserve Chairman
Alan Greenspan, saying the government had ample power to avert
the financial crisis of 2007-2009 and chose not to use it.

The 10-member Financial Crisis Inquiry Commission’s final
report, released on Thursday, was endorsed only by its six
Democratic members, undermining its impact as the post-crisis
Dodd-Frank law banking reforms are being implemented.

Jan 27, 2011

Divided US crisis panel blames Greenspan, Wall St

WASHINGTON, Jan 27 (Reuters) – A deeply divided U.S.
investigative panel issued a scathing critique of the culture
of deregulation championed by Former Federal Reserve Chairman
Alan Greenspan, saying the government had ample power to avert
the financial crisis of 2007-2009 and chose not to use it.

The 10-member Financial Crisis Inquiry Commission’s final
report, released on Thursday, was endorsed only by its six
Democratic members, undermining its impact as the post-crisis
Dodd-Frank banking reforms are being implemented.

Jan 26, 2011

Rep. Hensarling: Obama shaky on fighting deficit

WASHINGTON (Reuters) – The White House must lead on fighting the U.S. budget deficit and it is still not clear that President Barack Obama is ready to do that, said the U.S. House of Representatives’ No. 4 Republican on Wednesday.

“We must have presidential leadership and I’m not sure the president has decided whether he wants to try to solve the crisis or exploit the crisis,” Texas Representative Jeb Hensarling told Reuters in an interview.

Jan 25, 2011

Financial crisis panel refers cases to Justice

WASHINGTON (Reuters) – A bipartisan panel investigating the financial crisis has referred cases of potential wrongdoing by financial industry officials to the Justice Department, a person familiar with the matter said on Tuesday.

The 2009 law creating the Financial Crisis Inquiry Commission instructs the congressionally appointed panel to refer anyone who may have violated the law to the Justice Department and state attorneys general.

Jan 24, 2011

Vampire Squid? Big Gov’t? US crisis report splits

WASHINGTON, Jan 24 (Reuters) – Three competing, politically
charged tales of the financial crisis will emerge this week
when a U.S. congressional panel finally concludes its 20-month
investigation.

The Financial Crisis Inquiry Commission has failed to
produce a consensus explanation of the 2007-2009 banking
debacle, as it was asked to do in May 2009.

Jan 24, 2011

Vampire Squid? Big Government? U.S. crisis reports murky

WASHINGTON (Reuters) – Three competing, politically recognizable tales of the financial crisis will emerge this week when a U.S. congressional panel finally concludes its 20-month investigation.

The Financial Crisis Inquiry Commission has failed to produce a consensus explanation of the 2007-2009 banking debacle, as it was asked to do in May 2009.

Jan 24, 2011

Vampire Squid? Big Gov’t? US crisis reports murky

WASHINGTON, Jan 24 (Reuters) – Three competing, politically
recognizable tales of the financial crisis will emerge this
week when a U.S. congressional panel finally concludes its
20-month investigation.

The Financial Crisis Inquiry Commission has failed to
produce a consensus explanation of the 2007-2009 banking
debacle, as it was asked to do in May 2009.

Jan 18, 2011

Obama orders review of government regulations

WASHINGTON (Reuters) – President Barack Obama on Tuesday ordered a government-wide review of regulations, both old and new, in a broad push to curtail rules that retard job creation and economic growth.

In a move to improve his relations with the business community, Obama ordered government agencies to consider the costs of regulations, maximize public input in their development, ensure they are underpinned by science, and consider their impact on small businesses.

Jan 11, 2011

Analysis: Flawed report seen from financial crisis panel

WASHINGTON (Reuters) – The final report of a U.S. congressional panel on the financial crisis — due to hit bookstores in days — won’t be the blockbuster some hoped for, but it may help point the way toward mortgage market reform.

By mapping out the latest positions of influential Democrats and Republicans on how to fix the housing finance system and the giants that dominate it — Fannie Mae and Freddie Mac — the report could add value.