Relevant:
- FCIC Report: Wall Street and Regulators Get Final Blame for Mortgage Meltdown
- National Archives Sued Over Financial Crisis Documents
- Housing Crisis Was Created by a Perfect Storm of Greed and Goals
- Obama's DOJ And Wall Street: Too Big For Jail?
- Federal Reserve Under Fire for Lending Big to Foreign Banks During Financial Crisis
2011-03-03 — counterpunch.org
"The real root of the financial crisis was leverage. The banks were massively over-leveraged (some of them 40 to 1) just like our friend Freddie. This is no longer a matter of dispute. In testimony he gave to the Financial Crisis Investigation Commission (FCIC), Ben Bernanke admitted that 12 of the country's 13 largest banks were underwater."
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