New "Pecora Commission" Stalled In Congress

08/01/2009 05:12 am 05:12:01 | Updated May 25, 2011

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 more on The Hill

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