This is a clear indictment by Phil Angelites, Financial Crisis Inquiry Commission Chair, of the Federal Reserve and their cohorts on Wall St., and how they got away with criminality. Alan Greenspan was responsible for a lot of the economic crisis because he was in charge leading up to the collapse. His Free-Trade policies kept the regulators out of the equation and money was loaned out to just anyone.
The idea that they will regulate themselves is a joke. We really need to get back to the regulation of the FDR era, which is why that administration put in such regulations to begin with. The same Wall St. crowd at that time was responsible for the last depression. Now, they’re creating another one and trying to rewrite the history of it.