Financial Crisis Inquiry Commission Appointments Announced

Submitted by Johnny Papagiannis on Wed, 07/15/2009 - 2:47pm.

Public Campaign Action Fund issues a press release today praising the selection of former California Treasurer Phil Angelides as the chairman of the Financial Crisis Inquiry Commission, and urged Angelides and the other commissioners to investigate the role that campaign contributions from Wall Street and big banking interests played in precipitating the economic crisis.

 

"Phil Angelides has a record of looking out for consumers, investors, and taxpayers, and is a good choice for chair of this investigative commission," said David Donnelly, national campaigns director of Public Campaign Action Fund. "The full story of the financial crisis cannot be told without exploring and exposing the role played by campaign contributions from Wall Street, banking, and insurance executives in the development of deregulatory policies in the last two decades.

 

For the full release, click here.


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The full story of the financial crisis cannot be told without exploring and exposing the role played by campaign contributions from Wall Street, banking, and insurance executives in the development of deregulatory policies in the last two decades.Thanks for sharing it. Nice article, very helpful. Thanks!
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Submitted by Clean Elections Friend (not verified) on Tue, 12/22/2009 - 3:53am.

Perhaps the idea of an impartial investigation is good. But economics is so mixed in with politics that it would be pretty hard to find and appoint truly impartial investigators.
For one thing, many economists don’t even agree among themselves about what caused the present crisis, how to prevent future recessions, and hot to deal with the current recession.
Which means that if experts with diverse views are appointed to this investigative panel. Then they will never agree on a common position. And if experts with similar views are appointed. Then any report they produce will be immediately condemned by many other experts as biased and untrue.
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