Yet Another Designed to Fail Commission!
From Washington's Blog: http://georgewashington2.blogspot.com/
We've heard this before, haven't we and is it any surprise? This time more people are beginning to catch on, especially the one's who've lost their homes....
From the very outset, the Financial Crisis Inquiry Commission was set up to fail.
The investigations were further hampered by the requirement that subpoenas have bi-partisan approval along with Its decision to hold hearings with high profile individuals, including top Wall Street executives, before much in the way of lower-level investigation had been completed. The usual way to get meaningful disclosure from a top executive is to confront him with hard-to-defend material or actions; interrogations under bright lights, while a fun bit of theater, generally yield little in the absence of adequate prep.
Recent reports that the panel urged various prosecutors to launch criminal probes were a hopeful sign that the commission might nevertheless come out with some important findings. But correspondence from insiders in the last few days suggests otherwise. One, for instance, wrote, “I’m still in the process of getting the stink out of my clothes.”
Read the Zelikow-esque report here: http://www.fcic.gov/