FCIC report: the major findings


Yesterday, the Financial Crisis Inquiry Commission (FCIC) released its final report into the causes of the US housing crash and the subsequent global economic collapse that it triggered.

The wide-ranging report runs to 662 pages and covers topics from the infancy of securitisation markets and the deregulation of US financial markets under the 1999 Gramm-Leach-Bliley Act to the collapse of major financial institutions in late 2008, and the extraordinary economic assistance facilities provided by

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