Congressional leaders announced the appointment of a commission to investigate the financial collapse. Ex-California politicians Phillip Angelides(D) will head the study group, Bloomberg reported:
When he ran for California governor in 2006, Angelides’s campaign received $578,521 in donations from people in the securities and investment industry.Bill Thomas(R) will serve as Vice Chair.
Representative Thomas received $328,716 from securities & investment industry and $167,000 from commercial banks over his Congressional career.
The report is due December 15, 2010. Financial regulatory reform will likely be done. I smell a whitewash in the making. Will it be Katrina Lessons Learned worthy?
No comments:
Post a Comment