New documents about the 2008 financial crisis indicate unusually straight-forward evaluations and admissions by key officials.
Released by the US National Archives, the report released the full text of a May 26, 2010 interview with Warren Buffett. The seasoned investor, who admitted overlooking the crisis, said he would act differently if he saw it emerging.
Former Treasury Secretary Henry Paulson said the business model for Fannie Mae and Freddie Mac is irrational and that they were a regulator with no authority.
Ex-Federal Reserve Chair Alan Greenspan justified the central bank’s responses before and during the crisis, indicating policymakers could only do so much in projecting the future.
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