The chair of the Financial Crisis Inquiry Commission, Phil Angelides, believes nothing has changed since the financial meltdown of 2008 and that the U.S. is potentially heading towards another economic disaster. David Cay Johnston, Reuters Columnist, tells us why Congress and the next president need to intervene quickly and stop listening to Wall Street.
Last week in Kansas City. Economists and legal scholars got together to conduct the autopsy. They were looking at the record created by the Financial Crisis Inquiry Commission. That congress appointed to look you know what happened to our economy in 2008. If you haven't heard the commission's report that's not surprising. It was issued in January and it -- like this stuff. -- something like this don't get. But the report 22 foot noted chapters. Lays out in detail just how we got into the mess we're still struggling but here's the really troubling part. Phil and police in California real estate developer and former state treasurer who chaired the commission. Says that nothing has changed. And his concern is that it's going to happen again and again. Until congress starts paying attention. To the recommendations in that report. -- -- -- --