For me, the report's biggest failing is its timidity in engaging the most important question looming over the crash: What did Wall Street know and when did it know it? The commission was right to devote a great deal of space in the report to collateralized debt obligations, the bundles of mortgage-backed securities that were at the heart of the fina ..read more..
http://brinesalt.posterous.com/in-postcrisis-report-a-weak-light-on-complex
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