You know, results of a government commission that was established to figure out the causes for the financial crisis of 2008 came out, and that commission was a charade, just like this one.
That commission "found" that the crisis was caused by lack of regulations, that low interest rates and Freddie/Fannie had nothing to do with the housing bubble, they "found" that the only thing that government did "wrong" was let the Lehman brothers fail and that the future crisis can only be avoided if there is more government regulations.
Lets start with this: I despise the governments.
The results of that commission were just as well known in advance as the results of the one from this story. Of-course a government commission will find that what is needed is more government and that whatever structural problems that are caused by government are not the real problems.
THIS IS THE SAME BULLSHIT.
IT IS BULLSHIT, DO NOT BELIEVE A SINGLE WORD THAT YOU ARE READING IN THE FABRICATED CONCLUSIONS OF THESE COMMISSIONS.
They are finding one thing: there is need for more government.
They are finding this other thing: whoever is in power cannot be blamed.
Maybe you should try to read the report. It doesn't say what you are saying it does. The fact you were modded up is kinda sad.
If you "despise the governments" maybe you would prefer an independent journalist, Matt Taibbi, who corroborates most of the conclusions of his report in the independent analysis he provides in his book, "Griftopia."
They do not find that more government is needed. They did find that regulators both failed to act when it was within their power and failed to request more power when they needed it. There is a long list of examples just in the executive summary of both of these.
They do not find that the people in power are not to be blamed. Quite the opposite. They find that people in power were very much to blame.
I am so sick of the prevalent simple-minded "explanations" of this crisis. Read the report. What happened in 2008 is complicated and it is worth understanding. Blame is very widespread, but can also be pinpointed. There are actions which can be taken to prevent this from happening again. But first, it is necessay to understand what happened. This report does an extremely thorough job of explaining it.