Financial Crisis

On the BBC website, the US inquiry says the Financial crisis of 2008 is avoidable. I find this article very interesting they are blaming regulators, politicians and bankers. The report, this article mentions, for this financial crisis is from a number of reasons. When reading the full article you can see the full factors. Some of them are, failing to regulate finance, reckless and risk taking actions, too high of debts from households, and simply a lack of understanding the financial system. This article also mentions that the "leading figures of the George W Bush and Obama administrations were not let off lightly." Having these people put to "blame", this article says, that it will help prevent this large of a financial crisis in the future. Even though they were blamed, the report mentions that they respet and appreciate the efforts made by these higher people. However, these Republicans disagreed with the results of the report and "published a separate report" blaming it on someone else.