News, analysis and personal reflections on the markets & the financial sector

Thursday, September 17, 2009

Panel to begin investigation of financial crisis

The Financial Crisis Inquiry Commission will hold its first meeting today as it looks for the root cause of the financial crisis. The investigation might be the White House's best opportunity to reinvigorate its regulatory revamp. Critics argued that the causes are already known and that going back through them is a waste of time. However, proponents pointed out that no single panel with the authority to subpoena has thoroughly examined the crisis.

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