FCIC report: the major findings

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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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