New Releases by Financial Crisis Inquiry Commission

In the revealing interview, Mr. Buffett discusses how he missed predicting the crisis and its effect on the financial system. He also shares thoughts on some of the main players, like Jamie Dimon and Ken Lewis; the logic behind the investments he made in late 2008, and how close the system came to collapse. He also talks about what he calls "the single most important decision in evaluating a business," his thoughts on the US dollar and Moody's, and why he sold Freddie Mac and Fannie Mae.

The definitive report on what caused America's economic meltdown and who was responsible. The financial and economic crisis has touched the lives of millions of Americans who have lost their jobs and their homes, but many have little understanding of how it happened. Now, in this very accessible report, readers can get the facts. Formed in May 2009, the Financial Crisis Inquiry Commission (FCIC) is a panel of 10 commissioners with experience in business, regulations, economics, and housing, chosen by Congress to explain what happened and why it happened. This panel has had subpoena power that enabled them to interview people and examine documents that no reporter had access to. The FCIC has reviewed millions of pages of documents, and interviewed more than 600 leaders, experts, and participants in the financial markets and government regulatory agencies, as well as individuals and businesses affected by the crisis. In the tradition of The 9/11 Commission Report, "The Financial Crisis Inquiry Report" will be a comprehensive book for the lay reader, complete with a glossary, charts, and easy-to-read diagrams, and a timeline that includes important events. It will be read by policy makers, corporate executives, regulators, government agencies, and the American people.

and the use of credit ratings in the securitization markets; lending practices and securitization, including the originate-to-distribute model for extending credit and transferring risk; affiliations between insured depository institutions and securities, insurance, and other types of nonbanking companies; the concept that certain institutions are 'too-big-to-fail' and its impact on market expectations; corporate governance, including the impact of company conversions from partnerships to corporations; compensation structures; changes in compensation for employees of financial companies, as compared to compensation for others with similar skill sets in the labor market; the legal and regulatory structure of the United States housing market; derivatives and unregulated financial products and practices, including credit default swaps; short-selling; financial institution reliance on numerical models,

Also includes bibliographies (p. 32-34, 51-52), and tables and graphs throughout.

Preliminary report, prepared by Financial Crisis Inquiry Commission, providing information on Government bailout of large financial institutions whose failures pose systemic threats to the financial system.

Report, prepared by Randall Kroszner for Feb. 26-27, 2010, Financial Crisis Inquiry Commission forum, analyzing financial regulation of large institutions whose failures pose systemic threats to the financial system, in context of recent financial crisis.

Report, prepared by Financial Crisis Inquiry Commission, providing economic data on the financial sector, household sector, housing market, labor market, and business sector.

Report, prepared by Gary Gorton for Financial Crisis Inquiry Commission, analyzing causes of recent financial crisis, including role of securitized mortgages and shadow banking system.

Report, prepared by Annamaria Lusardi for Financial Crisis Inquiry Commission, examining results of a 2009 survey on financial literacy and saving habits in U.S. population and analyzing lack of financial capability role in recent financial crisis.

Report, prepared by Pierre-Oliver Gourinchas for Feb. 26-27, 2010, Financial Crisis Inquiry Commission forum, examining monetary policy and global financial imbalances role in recent financial crisis.

Report, prepared by Dwight M. Jaffe for Feb. 27, 2010, presentation to the Financial Crisis Inquiry Commission, analyzing Government-sponsored enterprises and FHA housing programs role in the high-risk mortgage market expansion that contributed to recent financial crisis.

Preliminary report, prepared by Financial Crisis Inquiry Commission, providing information on credit derivatives, focusing on mortgage-related credit derivatives market.

Report, prepared by Anil K. Kashyap for Financial Crisis Inquiry Commission, analyzing role of risk management weaknesses in current credit market crisis, focusing on connection between bank risk-taking and the structure of risk management in U.S. banking institutions.

Report, prepared by Christopher Mayer for Financial Crisis Inquiry Commission, analyzing causes of recent financial crisis, including role of housing prices and mortgage foreclosure problem, securitization, and credit markets.

Preliminary report, prepared by Financial Crisis Inquiry Commission, providing information on regulation of over-the-counter financial derivatives market.