Government confirms Bill O’Reilly Correct?


In its exhaustive report released on Thursday, the Financial Crisis Inquiry Commission lambasts an alphabet soup of federal regulatory agencies – from the Securities and Exchange Commission to the Treasury Department to the Federal Reserve. The report blames the agencies for missing the mortgage bubble and for turning a blind eye to Wall Street’s excessive risk taking that threatened to topple the economy. (NYTimes.com) http://dealbook.nytimes.com/2011/01/27/harsh-words-for-regulators-in-crisis-commission-report/

The Commission concluded that this crisis was avoidable—the result of human actions, inactions, and misjudgments. Warnings were ignored. “The greatest tragedy would be to accept the refrain that no one could have seen this coming and thus nothing could have been done. If we accept this notion, it will happen again.” (US Gov) http://www.fcic.gov/report/conclusions

Bill got Competition

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