Fraud contributed to economic crisis
This was an answer given by Neil Barofsky, Special Inspector General for the Trouble Assets Relief Program, at a Senate Judiciary Hearing, when asked by Committee Chairman Partrick Leahy, whether or not he thought fraud contributed to the economic crisis.
financial crisis was an ``avoidable'' disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a Congressional inquiry.