Financial Crisis Inquiry Commission Announces Full Witness List For First Public Hearing

Next week, the Financial Crisis Inquiry Commission -- the bi-partisan 10-member panel established by Congress to examine the causes of the financial crisis -- will hold its first public hearings featuring a selection of the nation's top bank executives -- Lloyd Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John Mack of Morgan Stanley and Brian Moynihan of Bank of America.

On Sunday night, FCIC released the full witness list for the first public hearing. List and press release below:

The Commission will begin its thorough examination of the root causes of the crisis, hearing testimony on the causes and current state of the crisis from top leaders of both private and public sector entities.

When: Wednesday, January 13, 2010: 9:00 a.m. ET

Thursday, January 14, 2010: 9:00 a.m. ET

Where: 1100 Longworth House Office Building, Washington, DC

Day One

Panel 1: Financial Institution Representatives

Mr. Lloyd C. Blankfein, Chairman of the Board and Chief Executive Officer

Goldman Sachs Group, Inc.

Mr. James Dimon, Chairman of the Board and Chief Executive Officer

JPMorgan Chase & Company

Mr. John J. Mack, Chairman of the Board

Morgan Stanley

Mr. Brian T. Moynihan, Chief Executive Officer and President

Bank of America Corporation

Panel 2: Financial Market Participants

Mr. Michael Mayo, Managing Director and Financial Services Analyst

Calyon Securities (USA) Inc.

Mr. J. Kyle Bass, Managing Partner

Hayman Advisors, L.P.

Mr. Peter J. Solomon, Founder and Chairman

Peter J. Solomon Company

Panel 3: Financial Crisis Impacts on the Economy

Dr. Mark Zandi, Chief Economist and Co-founder

Moody's Economy.com

Dr. Kenneth T. Rosen, Chair, Fisher Center for Real Estate and Urban Economics

University of California, Berkeley

Ms. Julia Gordon, Senior Policy Counsel

Center for Responsible Lending

C.R. "Rusty" Cloutier, President and Chief Executive Officer

MidSouth Bank, N.A. and Past Chairman of the Independent Community Bankers Association

Day Two

Panel 1: Current Investigations into the Financial Crisis - Federal Officials

Honorable Eric H. Holder, Jr., Attorney General
U.S. Department of Justice

Honorable Lanny A. Breuer, Assistant Attorney General, Criminal Division
U.S. Department of Justice

Honorable Sheila C. Bair, Chairman

U.S. Federal Deposit Insurance Corporation

Honorable Mary L. Schapiro, Chairman

U.S. Securities and Exchange Commission

Panel 2: Current Investigations into the Financial Crisis - State and Local Officials

Honorable Lisa Madigan, Attorney General

State of Illinois

Honorable John W. Suthers, Attorney General

State of Colorado

Ms. Denise Voigt Crawford, Commissioner

Texas Securities Board and President, North American Securities Administrators Association, Inc.

Mr. Glenn Theobald, Chief Counsel

Miami-Dade County Police Department, Chairman, Mayor Carlos Alvarez Mortgage Fraud Task Force

###

About the Financial Crisis Inquiry Commission (FCIC)

The bi-partisan 10-member Financial Crisis Inquiry Commission was created by Congress and is charged with examining the causes of the financial meltdown. It is also examining causes of the collapse of major financial institutions that failed or would likely have failed had they not received exceptional government assistance. The Commission is comprised of Chairman Phil Angelides, Vice Chairman Bill Thomas, and Commissioners Brooksley Born, Byron Georgiou, Robert Graham, Keith Hennessey, Doug Holtz-Eakin, Heather Murren, John W. Thompson, and Peter Wallison. Findings and conclusions are to be presented in a formal report to Congress and the President by December 15, 2010.

Comments

[Sub Libertate Quietum]

10:04 AM on 01/13/2010

It sickens one to hear these men make ridiculous excuses as to why they robbed the American public blind...

[Sabine K McNeill]

03:33 PM on 03/01/2010

What sickens me more is that all attempts to attract attention to the national debt as the LONG TERM cause of cyclical crises continue to get ignored, despite all END THE FED efforts and Ron Paul's masterly attempts to tame the "Creature of Jekyll Island".

Presidents were shot. http://themoneymasters.com have pointed it out for years, and lone historic voices begin to enter a chorus, but "official" commissions sing the song of the global financial elite.

For the robbing continues, as the "crisis" will. Watch Michel Chossudovsky's video The Global Financial Crisis! More on http://publicdebts.wordpress.com

Sabine
Organiser, Forum for Stable Currencies
http://forumforstablecurrencies.info

[spinns17]

05:59 PM on 01/12/2010

if they show up.

[wikwox]

02:42 PM on 01/11/2010

Hard not to suspect the real intent here is to extract more campaign contributions and cover things over. Americas Congress and Senate are corrupt and owned by these banks and the super rich men who control them.

[callyhouck]

02:29 PM on 01/11/2010

I said it before, I'll say it again: A committee, a hearing, testimony, inquiry or investigation, but does it amount to anything? The fat cats who were responsible for the financial debacle are paying lip service to the very persons who have received the bounty of corporate banking's largesse. This is nothing but more of the same. We've been led to believe that things will change and that those who shoulder the blame will be held accountable. It's not going to happen....not with this Commission and not with this administration and Congress. Only when the BeltWay is threatened with their jobs will they respond to the crisis that keeps on giving. We've been led to believe that as long as Wall Street is doing well, we will avoid financial catastrophe, so there is no large scale grassroots calling their bluff. The Federal Reserve needs complete transparency and Regulation. Obama has proved he's not the right stuff to venture from the status quo. Who among us will lead this charge?

[rugby john]

07:45 PM on 01/11/2010

I completely agree. Well said. As long as the dangerous and irresponsible banking practices are allowed continue with zero accountability, hearings take don't lead to action[which they won't] are meaningless.

The Obama administration and congress know what the problems are. The are in the back pocket of wall street.

We need to elect politicians who really do what they say they'll do.

I had so much hope when Obama was elected...and with a democratic majority in the senate and house.

What a let down...good learning experience.

"It is like a little kid who sees a snake and the snake is, 'Hey, come play with me, I won't bite you.' The kid starts playing with the snake and it bites him. [The kid says], 'What happened? You said you weren't going to bite me.' [The snake says], 'I am a snake that is what I do'"

[EarlP]

02:17 PM on 01/11/2010

This is a nice exercise. But to what end-point?

We already know that the Bush Administration and Alan Greenspan - admitted to not fully understanding things until 2007 (the sub-prime market crashed in March 2007 and everything else soon after) and that they were promoting the wrong economic direction for this country until that point. We also know that there were slippery banking practices going-on on Wall-Street (with credit-swap derivatives) AND on Main Street (with sub-prime mortgages, adjustable-rate-mortgages ‘ARMS’ and NO DOCument lending to everyone, everywhere). All of this means that the BANKS did it to themselves, with the Republican administration along with the Federal Reserve and Alan Greenspan promoting and enabling it all (by keeping interest rates low far too long, while promoting Adjustable-Rate-Mortgage’s and refusing to regulate the derivatives market).

THESE are all the facts that we need to understand what happened to cause our economy to nose-dive. The Republican Administration and the banks gamble with our economy and lost. Lack of regulation…aka “small government” ideals created this environment...with ideals that are contradictory to the thought of managing human nature in a very large and diverse society.

[CPAwADD]

11:04 AM on 01/12/2010

Bush, Greenspan the special kind of dumb that comes from being an ideologue. Truth is not allowed to intrude on a preconceived world view.

[muck-raker]

12:36 PM on 01/11/2010

this is the real crime

http://dailybail.com/home/there-are-no-words-to-describe-the-following-part-ii.html

[munki]

11:26 AM on 01/11/2010

PLEASE INCLUDE third neutral party!!!!

Normal Citizen who also got affected badly...

NO LOBBYist

[my whitehouse]

11:07 AM on 01/11/2010

welcome to the 'new normal' - no jobs, but record bonuses for wall street. A cabinet largely indifferent to the struggle of average Americans. What a joke.
hat tip to http://iamned-website.blogspot.com

[US1st2009]

10:51 AM on 01/11/2010

what about some HONEST voices?

Elizabeth Warren - you know the woman heading the "U.S. banking bailout" Congressional Oversight Panel

Neil Barofsky - you know the guy INVESTIGATING TARP

Professor William Black, Associate Professor, Economics and Law, University of Missouri, Kansas City was a deputy director at the former Federal Savings and Loan Insurance Corp. during the Reagan deregulation fueled savings and loan crises of the 1980s.

Spitzer - the guy who actually PROSECUTED Wall Street

Simon Johnson is a British-American economist. He currently is the Ronald A. Kurtz Professor of Entrepreneurship at the Sloan School of Management at MIT. He has held a wide variety of academic and policy-related positions, including Professor of Economics at Duke University's Fuqua School of Business. From March 2007 through the end of August 2008 he was Chief Economist of the International Monetary Fund.

Why not? Because They Don't Want the Truth!

[CPAwADD]

01:10 PM on 01/11/2010

Brooksley Born, Nassim Taleb, former Assistant FBI Director Chris Swecker sho warned about an epidemic of mortgage fraud in 2004.

[CaliGrown78]

01:20 PM on 01/11/2010

Yes Brooksley IS the woman, she should be running the whole show!!

[US1st2009]

01:43 PM on 01/11/2010

yes, Brooksley and Nassim should also be on the list!

i am not familiar with Swecker.

[Computer Geek]

10:46 AM on 01/11/2010

Hey, did you people not get the memo - it's our fault that the economy tanked! Interesting how on the one hand these 'wizards' can sit there and smugly say this but before the bottom fell out, they kept saying (and some of them still do - witness Blankface saying GS does 'God's work' a few months back) that THEY were the ones responsible for all of the great things in this country and the low unemployment. How can it be that you can be responsible for the good part of something and then turn around and say that you are not responsible for all the bad that your 'wizard-like' business acumen has caused (like 20% actual unemployment now) and can have the kind of hubris to put forth lackeys blaming those at the bottom of the pile for the problem??? Unf__king believable!!!! I now have an understanding of why the French loved the quillotine! These people have the same attitude as Marie Antoinette - 'Let them eat cake'.

[bola47]

10:25 AM on 01/11/2010

big deal. we all know nothing will come of this. these "witnesses" will stop by their favorite senator's office and drop off a big contribution to make sure the hearings are just p**sing in the wind.

[Bloviator88]

10:11 AM on 01/11/2010

Say it with me, Kabuki.

[windup]

09:48 AM on 01/11/2010

Yes, let's hope it's not too foggy, or snowy, or rainy, or cold or sunny or hot for them to make the hearing.

[inorbit]

09:36 AM on 01/11/2010

I wonder if they'll show up or if they'll blow off these guys the way they blew off Obama?

[ResearchtheFacts]

09:23 AM on 01/11/2010

This is all for show. If anybody is held accountable it will be the little guy at the computer monitor watching the show unfold. He sitting right there and...he should have caught it.

[sonofsamphm1c]

09:41 AM on 01/11/2010

The American voting public has pretty much bought into the notion that government is the problem, and that it should get out of the way. The middle class voted in Reagan, Bush, and Bush - that would make them the most culpable.

[ResearchtheFacts]

09:53 AM on 01/11/2010

Well congress is the problem. We are told "what" our country's policies are, and legislation does get disaproved or approved, but, it is not always policy or legislation that is beneficial for us. I agree we are complicit in everything that transpires. We see what's going on and we usually watch, back it, and then protest. Example, the Iraq war and now Afghanistan. And, how is the bank and health care reform coming along?