News release: “Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn M.D., R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, [April 13, 2011] released a 635-page final report on their inquiry into key causes of the financial crisis. The report catalogs conflicts of interest, heedless risk-taking and failures of federal oversight that helped push the country into the deepest recession since the Great Depression…[the] report presents new facts, new findings and recommendations, with more than 700 new documents totaling over 5,800 pages. It recounts how Washington Mutual aggressively issued and sold high-risk mortgages to Wall Street, Fannie Mae, and Freddie Mac, even as its executives predicted a housing bubble that would burst, and offers new detail about how its regulator deferred to the bank’s management. New documents show how Goldman used net short positions to benefit from the downturn in the mortgage market, and designed, marketed, and sold CDOs in ways that created conflicts of interest with the firm’s clients and at times led to the bank’s profiting from the same products that caused substantial losses for its clients. Other new information provides additional detail about how credit rating agencies rushed to rate new mortgage-backed securities and collect lucrative rating fees before issuing mass ratings downgrades that shocked the financial markets and triggered a collapse in the value of mortgage related securities. Over 120 new documents provide insights into how Deutsche Bank contributed to the mortgage mess.”

• REPORT – Wall Street & the Financial Crisis – Anatomy of a Financial Collapse
• FOOTNOTE EXHIBIT LOCATOR (by FN and Bates)
• FN 107 – 1342 (pgs 1-1037)
• FN 1343 – 1459 (pgs 1038-2164)
• FN 1462 – 1576 (pgs 2165-3003)
• FN 1584 – 1622 (pgs 3004-3448)
• FN 1623 – 2406 (pgs 3449-4484)
• FN 2409 – 2706 (pgs 4485-5459)
• FN 2724 – 2831 (pgs 5460-5901)