Financial Crisis Was Avoidable, Inquiry Finds

Stefan Zaklin/European Pressphoto Agency

The commission’s report finds fault with two Fed chairmen: Alan Greenspan, right, a skeptic of regulation who led the central bank as the housing bubble expanded, and his successor, Ben S. Bernanke, who did not foresee the crisis but then played a crucial role in the response to it.

By SEWELL CHAN

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