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Financial crisis investigators are taking Wall Street names

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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 07:57 PM
Original message
Financial crisis investigators are taking Wall Street names
http://www.mcclatchydc.com/251/story/78883.html

Leaders of a congressional commission investigating the causes of the recent financial crisis are threatening to publicly identify any company or government agency that stalls in voluntarily producing requested documents.

Phil Angelides , the chairman of the Financial Crisis Inquiry Commission , told McClatchy in an interview that the panel would investigate the role that Wall Street firms played in causing the crisis to mushroom.

McClatchy reported earlier this month that Goldman Sachs , the nation's premier investment bank, sold more than $40 billion in securities backed by risky mortgages in 2006 and 2007 while secretly betting on a housing market downturn that would depress the value of those securities.

(snip)
Angelides, a Democrat, and Republican Bill Thomas , the vice chairman, vowed that they wouldn't let the subjects of their inquiry "run out the clock on us."
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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 08:01 PM
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1. hopefully
those guys who hunt down terrorists are taking the same names too
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 08:41 PM
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2. I can't get my hopes up after this sentence in the article:
The special commission is patterned after the bipartisan 9/11 Commission, which exhaustively investigated the causes of the Sept. 11, 2001, terrorist attacks.
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