FCIC

I never quite trusted the FCIC.

I’m not going to walk away from the responsibility,” Cayne told the FCIC.

Bowen told the Financial Crisis Inquiry Commission, or FCIC, that he began warning supervisors in June 2006 about the defective loans and continued through 2007 as the defect rate climbed to 80 percent.

“It’s very important, I think, that what we say in our separate statements not undermine the ability of the new House GOP to modify or repeal Dodd-Frank,” Wallison wrote to fellow Republican commissioner Douglas Holtz-Eakin in November, months before the FCIC’s final report was released.

Pinto's memos were never made available to the other members of the FCIC, or even to the commissioners who were members of the subcommittee charged with considering the role of housing policy in the financial crisis.