Monday, April 18, 2011
The Senate Investigations Subcommittee released last week the Levin-Coburn Report on the financial crisis, which Senator Levin's press release describes thus:
Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn M.D., R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, today released a 635-page final report (PDF, 6MB) on their inquiry into key causes of the financial crisis. The report catalogs conflicts of interest, heedless risk-taking and failures of federal oversight that helped push the country into the deepest recession since the Great Depression.
Reading the Report was on my weekend 'to-do" list, but it didn't get done. Fortunately, I don't feel the need to read it now because Jennifer Taub (soon to join Vermont Law School) has an insightful critique at the Pareto Commons, bipartisan senate panel report slams banks and bureaucrats: “please sir, i want some more”
I commend it to you.