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Financial Crisis Inquiry Begins

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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?

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