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Senate Anatomy Of Financial Collapse

It is not always clear to me if reports like this are centrally listed or cataloged anywhere and when or if or where they will end up in FDsys. This report is massive and important and seems worth listing here with links that may or may not last.

U.S. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on Investigations.

  • PSI Financial Crisis Report, “Senate Investigations Subcommittee Releases Levin-Coburn Report On the Financial Crisis” Press Release, (April 13, 2011) [PSIfinancialreportrelease041311.pdf] (PDF 86.2 KBs). (Another copy in HTML available at Committee Chairman Carl Levin’s website.

    Using their own words in documents subpoenaed by the Subcommittee, the report discloses how financial firms deliberately took advantage of their clients and investors, how credit rating agencies assigned AAA ratings to high risk securities, and how regulators sat on their hands instead of reining in the unsafe and unsound practices all around them. Rampant conflicts of interest are the threads that run through every chapter of this sordid story.

  • Wall Street And The Financial Crisis: Anatomy Of A Financial Collapse, Majority And Minority Staff Report (April 13, 2011) (PDF 5.7 MBs, 646pp). Another copy at Committee Chairman Carl Levin’s website.

Also see:

The People vs. Goldman Sachs, By Matt Taibbi, Rolling Stone, (May 26, 2011 issue)

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  1. jrjacobs says:

    Since this is a committee report, I’d assume it would end up in the serial set (but this one’s not posted to FDsys yet). But we should try and post about these high profile (and even not so high profile) reports and documents to make them more findable. google bombing for open govt!

  2. jajacobs says:

    I hope it does appear in Serial Set and that it gets into FDsys. But will it? It is a “Majority and Minority Staff Report,” has no report number on the PDF, and isn’t a report on proposed legislation. Do such staff reports have a path to FDsys and Serial Set?


  3. jrjacobs says:

    Hi all, I just got the answer from GPO Library Services and Content Management (LSCM) staff about what gets published in the Serial Set. With their permission, here is GPO’s response:

    The Congressional committees direct what should be accessible via FDsys as well as what is printed (i.e., what gets put into the Serial Set, what gets published as a hearing, etc).

    GPO does not typically catalog majority or minority reports unless it is a joint effort within a committee.

    Regarding the publications specifically mentioned in the FGI blog post, Wall Street And The Financial Crisis: Anatomy Of A Financial Collapse, Majority And Minority Staff Report (April 13, 2011) (PDF 5.7 MBs, 646pp). Per Congressional Publishing Services:

    “This is being printed at GPO now in 4 parts. All 4 parts will be posted online.

    Part 1 is jacket 57-323 (Report) – this has printed, and can be posted at anytime now.
    Part 2 is jacket 66-050 (Appendix)
    Part 3 is jacket 66-051 (Appendix)
    Part 4 is jacket 66-052 (Appendix)”

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