Law360 (January 27, 2011, 1:30 PM EST) -- Despite claims that the 2008 financial crisis was an unpredictable tsunami, a congressional commission said Thursday it was caused by failures at the U.S. Securities and Exchange Commission, among other regulators, and excessive risk-taking by companies including American International Group Inc. and Citigroup Inc.
In a 633-page report, the Financial Crisis Inquiry Commission said the housing bubble was inflated by regulators' failure to stem the tide of bad mortgages and regulate over-the-counter derivatives, failed corporate governance at major financial institutions, and excessive borrowing by individuals.
“The crisis was the result of human action and inaction, not of Mother Nature or computer...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!