Vampire Squid? Big Government? U.S. Crisis Reports Murky

WASHINGTON (By Kevin Drawbaugh and Dave Clarke) – Three competing, politically recognizable tales of the financial crisis will emerge this week when a U.S. congressional panel finally concludes its 20-month investigation.The Financial Crisi…

WASHINGTON (By Kevin Drawbaugh and Dave Clarke) – Three competing, politically recognizable tales of the financial crisis will emerge this week when a U.S. congressional panel finally concludes its 20-month investigation.

The Financial Crisis Inquiry Commission has failed to produce a consensus explanation of the 2007-2009 banking debacle, as it was asked to do in May 2009.

Instead, the 10-member panel has fractured along the same ideological fault lines that divide much of political Washington. Three reports will be issued by commission members on Thursday, each conforming with a familiar political slant.

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