Weekend reading

OK, so maybe you have nothing to do this weekend- no football, it gets dark early, etc etc.  Well, just in time to help you out, The Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States  titled The Financial Crisis Inquiry Report has been released! It is quite a tome (~600 pages…..) but is enlightening in some of the conclusions it reaches. I found interesting the dissenting opinions from several of the commission members.

 

The triggering mechanism for the collapse (or the straw that broke the camels back)  is determined to be the housing bubble, and it is worthwhile to understand how the bubble came about. Hey, we’re supposed to be experts in the field, so we might have to answer questions about that situation and whether or not it might recur.

 

You can get the PDF of the report here. You can also find hyperlinks to specific paragraphs in the report here.

 

Enjoy!!