The Financial Crisis Inquiry Commission's report couldn't come at a better time. At a moment when it seems that Washington would rather forget what happened two years ago, it documents the opportunism, bad judgment, and criminality that crashed the world's economy once - and could again at any time. An interconnected web of Wall Street criminality, discredited ideology, and politicians chasing big money - along with a surprising amount of executive incompetence - has caused continued suffering for millions. At a time when the nation's capital is convinced that CEOs need appeasing rather than policing, the FCIC report is a badly needed return to reality.
Wall Street executives weren't mentioned in the State of the Union or the Republican response. But their actions caused this crisis, and they can't be ignored politely like tipsy uncles at a family wedding. The only way to prevent the next crisis is by understanding the last one - and then taking the right actions.
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