Commission Probes The Financial Crisis

Every once in a long while a commission can change America. The 1954 Army-McCarthy hearings destroyed Senator Joe McCarthy by revealing his out-right viciousness and insincerity. The Watergate hearings helped to bring down a president. And the Pecora hearings in 1933 uncovered Wall Street scam after scam that enriched the bankers who crashed the financial system. The Financial Crisis Inquiry Commission could make history, too.

Find up-to-date analysis and perspective on the hearings on this page.


Zach Carter's picture

Liveblogging The Rating Agencies Hearing

By Zach Carter
June 2, 2010

Buffett just offered a standard defense of Corporate America that allows companies to do terrible things without any accountability. more »

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Warren Buffett, Rating Agencies and Corruption

By Zach Carter
June 2, 2010

Today's Financial Crisis Inquiry Commission hearing on credit rating agencies promises to shed quite a bit of light on one of the most profitable and corrupt businesses in Corporate America. more »

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Liveblogging The Paulson-Geithner Hearing

By Zach Carter
May 6, 2010

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Liveblogging the Bear Stearns Hearing

By Zach Carter
May 5, 2010

5:00

Angelides is ripping Cox for claiming that the SEC's law enforcement operations were effective.

"To suggest that the SEC was effective in those enforcement actions, frankly, is ludicrous," Angelides said.

Cox then claimed that the SEC was able to enforce all of the laws that needed enforcing, and that bank regulators like the OCC and the Fed messed up, too. more »

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Liveblogging the Fannie Mae Hearing

By Zach Carter
April 9, 2010

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Why Is It So Hard To Hold Wall Street Accountable?

By Zach Carter
April 9, 2010

The Financial Crisis Inquiry Commission hearings continue to be a boring mess, peppered with a few moments of significant insight. Throughout most of yesterday's hearing featuring the nation's top bank regulator, Comptroller of the Currency John Dugan, Commissioners treated their witness as a credible expert, rather than a culpable catalyst of the crash. more »

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Richard Eskow's picture

Liveblogging the Financial Hearings: The Prince and the King

By Richard (RJ) Eskow
April 8, 2010

(we're liveblogging the Financial Reform hearings. Come view the live feed here)

9:20 am
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In the Dark: A Good Prosecutor Type Would've Pinned Greenspan Down

By Richard (RJ) Eskow
April 7, 2010

Alan Greenspan's testimony before the Angelides Commission certainly provided a target-rich environment, as they say in the Pentagon. Unfortunately the Commission missed all its targets, leaving the American public as undefended from financial depradation and ruin as it was before the hearing began. It was almost anticlimactic when the power failed during the final fifteen minutes of Greenspan's appearance. The light had left the room long before then. more »

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10 Questions For John Dugan and John Hawke

By Zach Carter
April 7, 2010

The Office of the Comptroller of the Currency (OCC) is the top bank regulatory agency in the United States. It oversees the largest banks in the country, and completely failed to regulate them effectively in the years leading up to the Great Financial Crash of 2008. more »

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10 Questions for Robert Rubin and Chuck Prince

By Zach Carter
April 6, 2010

Robert Rubin and Chuck Prince ran the financial giant Citigroup in the years leading up to the Great Financial Crash of 2008. Together, their leadership proved so disastrous that the company was forced to beg for one of the largest bailouts in economic history. more »

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