As each day goes by, we take another step towards recovery from the financial crisis that almost took down America's and the world's economies. Now, with time, we have the luxury of thinking about what really happened and why. The recent report of the Financial Crisis Inquiry Commission, put in place by the President and approved by Congress, is a step in that direction. Although the report and analysis was divided along partisan lines, its 500+ pages of facts have not been disputed and gives us a sold basis to continue discussing what happened and how we might avoid such crises in the future.
Byron Georgiou was a member of that commission, and talks to me about the recently released Financial Crisis Inquiry Report