Abstract
This article provides a brief commentary on the Financial Crisis Inquiry Commission Report (FCICR). The 10- member Angelides Commission concluded that the 2007 - 2010 crisis was avoidable. It found widespread failures in financial regulation; dramatic breakdowns in corporate governance; excessive borrowing and risk-taking by households and Wall Street; policy makers who were ill prepared for the crisis; and systemic breaches in accountability and ethics at all levels.
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