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Financial Crisis Inquiry Commission Report Drops

January 27, 2011 - by Donny Shaw

Back in 2009, one of the first things Congress did to actually start dealing with the causes of the economic crisis was to give the Justice Department more power to detect and prosecute fraud in the financial markets. As part of that bill, the "Fraud Enforcement and Recovery Act," they created a bipartisan commission "to examine the causes, domestic and global, of the current financial and economic crisis in the United States" and laid out 22 specific areas of financial activity for them to investigate. Today, more than 20 months after the bill was signed into law, the commission has released their report.

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