Larry Crawford (Letters, Herald, Feb. 29) referred to The Financial Crisis Inquiry Report, which was submitted to Congress and the president by the Financial Crisis Inquiry Commission in January 2011.
The report documents that the mission of the commission was to ask and answer this central question: How did it come to pass that in 2008 our nation was forced to choose between two stark and painful alternatives either risk total collapse of our financial system and economy or inject trillions of taxpayer dollars into the financial system and an array of companies as millions of Americans still lost their jobs, their savings and their homes?
Answers should be important to all Americans, but surprisingly little about this report or the work of the commission has appeared in mainstream media. I am still reading the entire report and so far find it informative. It seems to describe most, if not all, of the factors leading up to the crisis, how it unfolded and the aftermath. However, the scant coverage the report has received in mainstream and financial media tends to dismiss it as irrelevant, partisan drivel.
For anyone interested, this report with supporting information has been made available by the commission at http://fcic.law.stanford.edu. While the report itself is lengthy (662 pages), the conclusions are only 14 pages and are, in my opinion, worth reading.
Charles Lee Kirby