the Financial Crisis Inquiry Commission was formed and will meet

[ensho]

for one year and then report. throwup.

http://onthehillblog.blogspot.com/2010/01/analyst-says-financial-crisis.html


Analyst Says Financial Crisis Commission Hearings Start As All Puff, No Punch


One of Capitol Hill's top Democrats expresses confidence in the results of a commission now investigating the causes of the 2008 financial meltdown and its subsequent long, deep recession. But an independent financial analyst says the Financial Crisis Inquiry Commission (FCIC) is just letting bankers off the hook.

Created by Congress to examine the root causes of the financial crisis, the bipartisan panel began holding hearings this week in Washington.

"Under the bipartisan leadership of Chairman Phil Angelides and Vice Chairman Bill Thomas, the Commission will provide the American people with answers about how we descended into the worst economic crisis since the Great Depression and how we can prevent such as crisis in the future," says House Speaker Nancy Pelosi, adding that Congress will "rely on the ongoing work" of the commission to develop further legislation to prevent another such crisis.

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"The commission hearing room is not a trial. But it is ostensibly a search for the truth. The commissioners didn't ask questions crisply in a way that would pin the nation's bankers down to specifics. Too many of the questions were softballs that the bankers could bat back with stock responses," says Martin Berg, editor of Where's Our Money, a Web endeavor from the Consumer Education Foundation, which is a non-partisan, California-based non-profit.
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one year