Recently, Planet Money on NPR broadcast a story about the three reports of the Financial Crisis Inquiry Commission. There's the majority report (the Democratic Party's), the minority report (the official Republican Party version) and the minority minority report (I won't even go there).
The story goes into some detail contrasting the two versions, then they comes to the conclusion that the Dem version says the crisis was avoidable, and the Republican version said that the crisis was not. Their conclusion is confirmed by Keith Hennessey, one of the authors of the minority report.
Of course that would have to be the Republican position. If the crisis was avoidable, then Republic economic policy must be bankrupt (forgive the pun). It was the Republican party that appointed Allen Greenspan to the Federal Reserve, who in turn pushed a laissez faire attitude towards the derivatives market and investment banks. It was the Republicans who pushed for free market "reforms: and deregulation of the financial industries for the last thirty years, and it was the Republicans that dominated either the White House, or Congress, or both, for that period.
