In the News – Financial Crisis Inquiry Commission

The Financial Crisis Inquiry Commission released its final report on January 27, 2011. The Commission was formed in May of 2009 as part of the Fraud Enforcement and Recovery Act, Public Law 111-21.

The 10 Members of the Commission consist of six Democrats and four Republicans (*) as follows:

1. Phil Angelides, Chairman

2. Bill Thomas, Vice Chairman*

3. Brooksley Born, Commissioner

4. Byron S. Georgiou, Commissioner

5. Senator Bob Graham, Commissioner

6. Keith Hennessey, Commissioner*

7. Douglas Holtz-Eakin, Commissioner*

8. Heather H. Murren, CFA, Commissioner

9. John W. Thompson, Commissioner

10. Peter J. Wallison, Commissioner*

Disagreements have always been a part of U.S. politics but have escalated since the financial crisis of 2008. The atmosphere over the past two years has been if you put a Democrat and a Republican in the same room, they’re not going to agree on anything. The Final Report of the Financial Crisis Inquiry Commission is no exception. The six Democrats voted to adopt the report, with the four Republicans dissenting. Three of the Republicans filed a 25-page dissent, while the fourth, Peter J. Wallison, wrote his own 99-page dissent from the majority. The final report and all dissents may be read and/or downloaded on the FCIC website. The full report with conclusions and dissents consists of 662 pages.

This entry was posted in Economy, Government, National Debt, News and politics, Uncategorized and tagged . Bookmark the permalink.

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