Buffett: Derivatives Still a Ticking Time Bomb

I’ll have a story up soon on today’s testimony from Warren Buffett, the head of investment giant Berkshire Hathaway, to the Financial Crisis Inquiry Commission on the role of credit rating agencies in the financial crisis and recession.

But here’s one nugget. Brooksley Born, the former head of the Commodity More…

Who Will Investigate the Causes of the Financial Crisis?

Now that it looks like Congress will create a commission to investigate the causes of the financial crisis after all, the big question is who will be chosen for the heavy lifting. Pack an investigative commission with people who aren’t likely to aggressively dig into what went wrong, and More…