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Financial crisis commission gets a book advance

By Ed O'Keefe

By The Post's Jason Horowitz:

The government commission tasked with writing a public report to expose the causes of the financial crisis is keeping the structure of its own publishing deal private.
On Aug. 3, the Financial Crisis Inquiry Commission, a presidential body, announced that it had chosen Little, Brown and Co. to publish its final report about the meltdown -- an anticipated and authoritative account pieced together by well-known journalist Matt Cooper. It did not mention, however, that the deal had unusual terms for the publication of a public document, including an agreement by Little, Brown to pay an advance to the government and the stipulation that a portion of the proceeds from sales be paid into U.S. Treasury coffers. The commission's chairman, Phil Angelides, said the details of the deal will be divulged once the contract with Little, Brown is finalized.
"Our primary goal was to make sure that it was a great report and accessible to people not just in distribution but in content and form," said Angelides, who, with vice chairman and former congressman Bill Thomas, interviewed several publishers before selecting Little, Brown. "And to the extent that we thought we could do well by the taxpayers, that would be a good thing."

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By Ed O'Keefe  | August 9, 2010; 9:30 AM ET
Categories:  Administration, From The Pages of The Post  
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