Thursday, February 3, 2011

Subprime Probe: Fixed From Get-Go

Subprime Probe: Fixed From Get-Go
February 3, 2011

Corruption: Now that the Financial Crisis Inquiry Commission has wrapped up its "investigation," Congress ought to investigate the investigators. They had glaring conflicts that tainted the results.

In 2009, Nancy Pelosi and Harry Reid sold the congressionally appointed panel as a serious and "fair" investigation of the "root causes" of the crisis. They promised an authoritative, "bipartisan" report to ensure the U.S. doesn't repeat past mistakes.

But they packed the commission with Democrats — including Chairman Phil Angelides, a longtime Democrat activist and former California treasurer who helped steer the former Golden State's finances onto the rocks during his tenure from 1999 to 2007.

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