Financial Crisis Inquiry Begins

Financial Crisis Inquiry Begins
This post was published on the now-closed HuffPost Contributor platform. Contributors control their own work and posted freely to our site. If you need to flag this entry as abusive, send us an email.

Will commission lead to legislation and criminal prosecution, or just more cathartic theater?

On Wednesday, January 13th, the CEOs of the United States' four largest banks went under oath to answer questions about their role in the financial crisis of 2008. It marked the opening day of a new government inquiry into the causes of the financial crisis. The inquiry has the power to subpoena for information and recommend criminal investigations, but will it put these tools to work?

We need your support now more than ever. Help us continue our economy coverage. Please consider donating to The Real News Network website.: no corporate funding, no government funding, no advertising: just uncompromising journalism.

Popular in the Community

Close

What's Hot