The definitive report on what caused America's economic meltdown— and who was responsible The financial and economic crisis has touched the lives of millions of Americans who have lost their jobs and their homes, but many have little understanding of how it happened. Now, in this very accessible report, readers can get the facts. Formed in May 2009, the Financial Crisis Inquiry Commission (FCIC) is a panel of 10 commissioners with experience in business, regulations, economics, and housing, chosen by Congress to explain what happened and why it happened. This panel has had subpoena power that enabled them. | FINANCIAL CRISIS INQUIRY REPORT Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States OFFICIAL GOVERNMENT EDITION THE FINANCIAL CRISIS INQUIRY REPORT THE FINANCIAL CRISIS INQUIRY REPORT FINAL REPORT OF THE NATIONAL COMMISSION ON THE CAUSES OF THE FINANCIAL AND ECONOMIC CRISIS IN THE UNITED STATES Submitted by THE FINANCIAL CRISIS INQUIRY COMMISSION Pursuant to Public Law 111-21 January 2011 OFFICIAL GOVERNMENT .