The Financial Crisis Inquiry Commission is now/finaly meeting. Perhaps the public is interested in watching their elected leaders berate the perceived Wall Street villains, but it is interesting to hear what our financial leaders have to say for themselves and for the system. Their prepared testimony is on-line, and reflects their views of the financial crisis and their recommendations for regulatory and non-regulatory changes, both filtered through what is in the firm’s interests and what they view as potentially feasible in the current environment. I particularly liked reading Lloyd Blankfein’s testimony and his views about what the government did and how it helped and as well as on the future of investment banking. All the testimony is here. Will be interesting to follow.
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