BUSINESS

Newsweek: Why The Financial Inquiry Commission Might Surprise Us

11/18/2009 05:12 am ET | Updated May 25, 2011

So the public may have just one chance left for satisfaction: Congress's Financial Crisis Inquiry Commission, which started work Thursday. The early signs are, however, not terribly promising. The commission's chairman, Phil Angelides, is no Ferdinand Pecora, though he claims to keep Pecora's book next to his bed. Angelides is a crony of Nancy Pelosi and a California politician who, as state treasurer, was known as a mild reformer.

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