Financial Commission Unmanned: Both Dems, GOP Have Yet To Nominate A Single Person

The Hill:

Democratic and Republican leaders have yet to nominate a single person to the high-profile commission aimed at investigating the financial crisis, even though it was signed into law by President Obama more than a month ago.

House and Senate leaders, responsible for naming all 10 members of the panel, say an announcement could come as early as this week so that the panel, with broad subpoena power, can begin looking into the causes of the crisis.

Read the whole story: The Hill

Comments

[rogerthat21]

Take back the trillions of $$$ given to the banks, who just sit on it and make it totally ineffective then start government incentive to create realistic industries that give employment and generate real productive income, some of which would hopefully be from exports.

Every other country, especially China and most of Europe have goverment incentives to protect it's industries. No matter what you call it it's a form of protectionism and its inevitable. We should stop being naive and take care of our own house. The only ones who win if we don't are the multinational corporations who don't care where they get their hand out.

hat tip to: http://investmintideas.blogspot.com for the good articles

[rogerthat21]

Take back the trillions of $$$ given to the banks, who just sit on it and make it totally ineffective then start government incentive to create realistic industries that give employment and generate real productive income, some of which would hopefully be from exports.

Every other country, especially China and most of Europe have goverment incentives to protect it's industries. No matter what you call it it's a form of protectionism and its inevitable. We should stop being naive and take care of our own house. The only ones who win if we don't are the multinational corporations who don't care where they get their hand out.

hat tip to: http://investmindideas.blogspot.com for the good articles

[eleanorhawking]

This is shameful.

[JoeBlough]

It's not in their "best interests".

[vippy]

It occurs to me that we will be all slaves. There is no way we can recover with the directions this
country is taking. The holes for joblosses are not being plugged. Do you see any improvements.
The only improvements I see are the banks and how will they exist without the people? The few
still working will be taxed so highly that they have barely anything to live on and the rich, they take their money off-shore, already looking for new tax havens.

[Kassandra]

"A short list of names has emerged for the Financial Crisis Inquiry Commission that includes former Republican presidential candidate Fred Thompson; former Democratic head of the Commodities Futures Trading Commission Brooksley Born; and Alex Pollock, a fellow at the conservative think tank American Enterprise Institute, according to a source familiar with the matter."

http://christyhardinsmith.firedoglake.com/2009/06/30/new-pecora-commission-to-be-named-this-week-who-would-you-appoint/

Good read....

[Coltrane1234]

Someone should get on top of that.

[dontsellmyemail]

There are a few people I would like to see on this commission. No Wall st Alumni should be allowed even close and the commission should be made up of lawmakers and academics.

1. Peter Schiff
2. William K. Black
2. Dennis Kucinich
3. Bernie Sanders
4.Simon Johnson
5. Ron Paul
6. Gerald Celente
7. Bob Chapman

to name a few.

[st0ked]

It appears that you have worked on this more than the folks who are supposed to work on it!! They may be busy with a paid vacation, or going to the doctor , using the paid for health insurance their constituents can only wish they had for their families.

[gurukalehuru]

Of the names you mentioned, I've only heard of 3. I heartily approve of two, and Ron Paul provides an interesting alternative view. Good work.

[PhilipTaylor]

A Friend on MarketWatch posted this about a month ago:

It is time that this country properly identifies a wide set of financial improprieties, criminalizes exploitative acts, then punishes financial evi1 to the same extent that burglary, r@pe and mu_rder are pun!shed. Why should he!nous acts go unpunished because they are “financial” rather than physical? Why should people escape justice because they attended an Ivy League school rather than a community college? There should be one justice for all.

We ought to create a new humanitarian capitalism that rewards honorable merit rather than gamesmanship, ruthlessness, deception, exploitation, and fraternally protected incompetence. If we are to accomplish this, decent people must unite across ideology, r@ce, re1igion, geography and social class. If we do not act with timely prudence, the days will come when the laws of this land no longer tolerate a public uprising against corrupt masters. People who see and care must make larger commitments to organize for political and institutional redress.

[Nabipoursikami2]

Good. Fewer government salaries to pay. Do they not see we're hurting out here?

[PhilipTaylor]

These are not permanent positions and compared to the $TENS of TRILLIONS Stolen we could afford $50 Billion to investigate and prosecute them!

[gurukalehuru]

Comparing this to the 9/11 commission is absurd. Bush did not want 9/11 to be investigated at all. And, in fact, it wasn't. Who gave the order to send the Bin Laden family out of the country on 9/12, so the FBI couldn't interrogate them? How did building 7, which wasn't hit by a plane, collapse? Who put the put orders on AA and UA stock? We still don't have answers to those questions.

I don't know for sure that this will be different, but I still have hope.

[PhilipTaylor]

If worked for FDR!

We must find out who did what, how, who are they linked to!

We have to stop this Wall Street CR1MINALITY SPIRALING FURTHER OUT OF CONTROL!

[vippy]

It was an in-house job and yet people ignore it, trying hard not to face the truth. Had it been a real
attack they would have investigated to death not tried to block it. Some even say the collapsing
towers brought down Bldg. 7. And years thereafter I saw an article in the paper that body parts
were found on surrounding buildings, which proves an explosion took place. But, people don't
want to know the truth!

[zizyphus]

The 911 Commission gave us a flawed, incomplete, and misleading report, and we can expect the same here.

Who benefitted from 911 and this financial meltdown? Look to them first.

[pricespector]

That's kind of like letting the fox guard the henhouse isn't it?

[RJII]

there's so much mess to clean up and so much so many critics and nay sayers. Good luck Mr. President.

[PhilipTaylor]

Our banks are the revitalized Mafia without the rules, as Kennedy did not end their reign, they s1imed their way up through the Financial System and NOW OWN CONGRESS and the Presidency using their ill-gotten LOOT! [CBS Report: $7.5 Million per Average Senator/4 years just from Wall Street!]

The problems will trace NOT just at the doorsteps of the BIGGEST NAMES on Wall Street but to the doorsteps of many of the Biggest Names in Congress and the White House, both past and present!

So, of course, there FOOT DRAGGING and the longer they do, the more clear it is they FE AR the knocking on their door!

[zizyphus]

Don't forget the role of the intelligence community.

[PhilipTaylor]

I am referring to the efforts the Kennedys' made to reign in the M0B!

Are you implying the intelliegence community is also now tied up with Wall Street? OR?