Description:   The final judgment of the official inquiry into the 2008 financial crisis — that it was an avoidable disaster, brought about by regulatory neglect and Wall Street recklessness — was an admonition to the government never to let it happen again.

Source:  NYTimes.com
 
Date: 01/29/2011

Link: http://economix.blogs.nytimes.com/2011/01/29/never-again/

Questions for discussion: 

• Summarize the report findings and the reactions to them.
• Do you believe there is a need for regulatory change and if so, what should it be?