January 28, 2011
Financial Crisis Inquiry Issues Report
The Financial Crisis Inquiry Commission released its findings into the 2008 financial disaster (WSJ), describing twelve of the thirteen largest U.S. financial institutions as "at risk of failure." Analysts imply the report does not deliver any new revelations, and suggest partisan divisions may hinder its impact.
As federal regulators flesh out financial reform specifics, questions remain about how the Volcker Rule--aimed at preventing banks from taking overly risky bets--will work, and whether it will make the financial system safer.
Chile: Chile is launching its first investigation into the death of President Salvador Allende (Latin America News), thirty-seven years after the socialist leader was found shot in the head during a U.S.-backed coup. Until now, his death had been ruled a suicide.
