The Madeleine Brand Show for January 26, 2011

FCIC report points the finger at Federal Reserve, government regulators

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Tim Sloan/AFP/Getty Images

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.

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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