Accepting a 22 percent wage cut is difficult when Greeks don't agree on responsibility for their debt crisis. Shared sacrifice would be easier if they owned up to their role.
The SEC filed a civil fraud lawsuit Friday against six former top executives at Fannie Mae and Freddie Mac, saying they misled investors about the subprime-loan risks they faced.
In its final report, the Financial Crisis Inquiry Commission offers three views of the crisis -– essentially one from Democrats and two dissenting views by Republicans on the panel.
Obama has faced little congressional oversight so far, but with House GOP probing into policies ranging from illegal immigration to health care, the president's oversight holiday may be over.
The budget deficit overshadows all other economic problems facing the country, though there is room for more unemployment benefits, according to Republican economist Douglas Holtz-Eakin.
House and Senate conferees crafted a final version of financial reform legislation Friday. Both houses are expected to vote on the bill next week.
The Financial Crisis Inquiry Commission hearings have produced one moment of drama and a few theories from regulators and bankers about why the meltdown happened.
At the first hearing of the Financial Crisis Inquiry Commission on Wednesday, top Wall Street executives acknowledge banks' role in the 2008 financial crisis but defend fat paychecks for employees.