Causes of 2008 Financial Collapse, Financial Institution Representatives

The heads of the surviving, large Wall Street investment banks testified before the Financial Crisis Inquiry Commission - a group chartered… read more

The heads of the surviving, large Wall Street investment banks testified before the Financial Crisis Inquiry Commission - a group chartered by Congress to look into the causes of the 2008 financial collapse. Bankers acknowledged that their companies took excessive risks in the years leading up to the crisis but said they could not have anticipated the events that precipitated the meltdown. In sometimes contentious questioning, they also defended their investments in mortgage-backed securities and pointed to market conditions, Wall Street practices, and the lack of information as underlying reasons for the financial crisis.

During a break and again after the panel, witnesses spoke informally with members of the press in the room. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Causes of 2008 Financial Collapse, Financial Institution Representatives

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Program ID:
291292-1
Category:
Public Affairs Event
Format:
Public Hearing
Location:
Washington, District of Columbia, United States
First Aired:
Jan 13, 2010
Last Aired:
Feb 10, 2010

Airing Details

  • Jan 13, 2010 | 9:02am EST | C-SPAN 2
  • Jan 13, 2010 | 7:51pm EST | C-SPAN 3
  • Jan 13, 2010 | 8:10pm EST | C-SPAN 3
  • Jan 13, 2010 | 8:12pm EST | C-SPAN 1
  • Jan 14, 2010 | 1:04am EST | C-SPAN 1
  • Jan 17, 2010 | 10:33am EST | C-SPAN 1
  • Feb 10, 2010 | 1:38pm EST | C-SPAN 3
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