The Madeleine Brand Show

The Madeleine Brand Show is a daily, two-hour program that looks at news and culture through the lens of Southern California. Hosted by Madeleine Brand

FCIC report points the finger at Federal Reserve, government regulators

by The Madeleine Brand Show

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US Federal Reserve Chairman Ben Bernanke (L) confers with former chairman Alan Greenspan (R) at a party to honor Jean-Claude Trichet, President of the European Central Bank 18 October 2007 at the Hay Adams Hotel in Washington, DC. Tim Sloan/AFP/Getty Images

The bipartisan commission appointed to investigate the causes of the 2008 financial crisis will release its full report Thursday. According to the New York Times, which read an advanced copy of the commission's conclusions, the financial crisis was an avoidable failure of the government's regulatory bodies, which missed and ignored signs of the coming disaster. We speak to reporter Sewell Chan who wrote about the report for The New York Times.

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