FDL Special Book Salon Welcomes Byron Georgiou, The Financial Crisis Inquiry Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States

By: Tuesday February 1, 2011 11:00 am

The Final Report of the Financial Crisis Inquiry Commission is a fascinating history of the Great Crash of 2008. Join us as FDL’s Ed Walker hosts a special FDL Book Salon chat with Commissioner Byron Georgiou about the FCIC’s findings.


Lehman Brothers: Poster Child For The Banksters

By: Sunday September 19, 2010 10:30 am

The Lehman Brothers bankruptcy case grinds along. Their financials sucked, it’s JPMorgan’s fault, and they screwed thousands of Hong Kong residents. No one is responsible for anything.

Real Regulation for Credit Default Swaps Is Necessary

By: Monday April 19, 2010 3:10 pm

The SEC suit against Goldman Sachs makes it clear that credit default swaps made the Great Crash worse than it should have been. Now it’s time to impose serious regulation on these time bombs, regardless of what it does to JPMorgan Chase’s ability to coin money.

The SEC Begs to Differ with Lloyd Blankfein’s Explanation

By: Sunday April 18, 2010 10:30 am

Lloyd Blankfein says that Goldman Sachs was just a market maker, trying to accommodate its customers. The SEC says it tried to accommodate some more than others.

Goldman Sachs Explains Itself: We Weren’t Betting Against Customers, Just Betting Differently

By: Sunday April 11, 2010 10:30 am

Goldman Sachs says it didn’t bet against its customers in subprime mortgages. I guess it depends on what they mean by customer, and what they mean by market maker. It says it acted properly in its dealings with AIG. I guess it depends on what they mean by “properly”.

Brooksley Born Raises an Important Question, But Answers are Weak

By: Friday April 9, 2010 3:15 pm

Brooksley Born wants to know the effect of credit default swaps on the housing bubble and the Great Crash. Citibank representatives don’t think there was an effect. Yves Smith disagrees.

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