"The 2008 financial meltdown was avoidable and largely caused by unnecessary risk-taking, corporate mismanagement and inept regulation, according to the US government's official report.
The financial crisis inquiry commission's official report is due tomorrow but according to leaks in the New York Times it will conclude: "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."
*What really gets my cobbler, is there is NO mention on the part FED POLICY of 1% interest rates had on ability to gain access to cheap credit and fuel the wild speculation that NO ONE SAW COMING.....sick
..nothing will EVER change...
D
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