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Archive Home > 2011 > January > 26 > Financial crisis ‘avoidable,’ federal inquiry concludes

Financial crisis ‘avoidable,’ federal inquiry concludes

Two administrations, the Fed and other regulators blamed

By Sewell Chan / The Bulletin
January 26, 2011

WASHINGTON — The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a federal inquiry.

The government commission that investigated the financial....

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