If you thought Goldman Sachs had a crystal ball, boy are you ever wrong.
Among those documents is a letter Goldman (GS) sent the commission in response to questions the FCIC posed last January and February. The FCIC letter includes a section (see question 22) in which high-profile financial writers ask Goldman their burning questions about the meltdown -- such as how Goldman managed to avoid getting crushed like some of its peers.
There are plenty of odd exchanges here, but perhaps the best is this one, between Goldman and newsletter publisher Jim Grant.
Grant: So what's the next bubble, and how do you intend to profit by it?
Goldman: Goldman Sachs has no special ability to predict the future and, therefore, cannot reliably identify the form, duration and nature of a future asset bubble. We would also add that bubbles are often conclusively identified only in retrospect, after values have definitively fallen.
Alan Greenspan, who also cannot predict bubbles, will be glad to hear he has company.
The rest of the letter -- featuring at least four responses that begin, promisingly, "We do not agree with the premise of this question" -- is here.
Also on Fortune.com:
The official account of the financial crisis won't dispel anyone's impression that the Fed has spent the past decade in a fog.
The Financial Crisis Inquiry Commission's 662-page report will give the central bank's many critics much to chew on beyond the current hubbub over loose monetary policy. The report, released Thursday morning, names former Federal Reserve chief Alan Greenspan and current Chairman Ben Bernanke as two of the main enablers MOREColin Barr - Jan 27, 2011 1:27 PM ET
Who will investigate the investigators?
Why, Rep. Darrell Issa will, thank you very much.
The Washington Post reports that Issa, the California Republican who will become chairman of the House Oversight and Government Reform Committee tomorrow, plans to "lead six major investigations in the first three months of the year."
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The forthcoming report from the Financial Crisis Inquiry Commission will not likely disclose any great unknowns about the causes of the crisis. But total transparency would help secure its place in the historical record.
by Michael Perino, contributor
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Two years after he ran Lehman Brothers into the ground, Dick Fuld is about to get another chance to explain himself.
Fuld, who led Lehman for 15 years until it collapsed in September 2008, will appear Wednesday before the Financial Crisis Inquiry Commission, the congressionally appointed panel that's writing the definitive account of the financial meltdown.
Fuld and six others have been called to appear before the FCIC Wednesday, to discuss the MOREColin Barr - Aug 30, 2010 4:49 PM ET
The folks at Goldman Sachs can breathe easy again. It seems the Financial Crisis Inquiry Commission has gotten over the document-dump episode.
The FCIC, the congressionally appointed panel that is writing the definitive history of the financial meltdown, said Friday it will invite top Goldman (GS) execs Gary Cohn and David Viniar to testify next week in a probe of the role derivatives played in the crisis.
The hearing will also include MOREColin Barr - Jun 25, 2010 3:46 PM ET
Writing the official history of the financial crisis is no small task.
But the leaders of the Financial Crisis Inquiry Commission took on an even more thankless job Monday: Trying to shame Goldman Sachs (GS), Wall Street's most shameless firm, into acting like a responsible citizen.
The leaders of the FCIC, the congressionally appointed panel charged with reporting to Washington on the roots of the crisis by Dec. 15, called out Goldman Monday MOREColin Barr - Jun 7, 2010 5:04 PM ET
The firm is the proud recipient of one of just 12 subpoenas issued by the Financial Crisis Inquiry Commission since its creation last year.
The FCIC, the congressionally-appointed body charged with assembling an authoritative explanation for the financial meltdown by year-end, said Monday that it subpoenaed Goldman Sachs (GS) "for failing to comply with a request for documents and interviews in a timely manner."
Goldman isn't the first firm to get an MOREColin Barr - Jun 7, 2010 12:30 PM ET
Warren Buffett said he wouldn't strip Moody's chief Raymond McDaniel of his job, arguing that neither he nor many others saw the housing bust coming.
Financial Crisis Inquiry Commission chairman Phil Angelides asked McDaniel whether he should still be CEO of the ratings agency after its housing-related ratings performed so pathetically during the housing bubble. Angelides noted that someone looking to predict credit performance in 2006 and 2007 would have been MOREColin Barr - Jun 2, 2010 12:24 PM ET
How profit-obsessed were the rating agency CEOs during the housing bust?
Testimony at Wednesday's hearing of the Financial Crisis Inquiry Commission from a former Moody's (MCO) managing director suggests they thought of little else.
Gary Witt, a statistics professor at Temple University in Philadelphia who left Moody's in mid-2008, said in his prepared testimony that management at the firm was so focused on its market share battle with rival S&P that it was MOREColin Barr - Jun 2, 2010 11:12 AM ET
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