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Time for Answers
Economy
By Research Team at September 17, 2009 - 11:22am
It begins. The first public meeting of the Financial Crisis Inquiry Commission kicks off today and the media is finally taking notice.
- The Washington Independent takes a look at the commission members and wonders if they're interested in sweeping reforms.
- The Los Angeles Times is concerned that pesky 'partisanship' might get in the way of justice.
- American Banker predicts that the commission will "gain more importance as regulatory reform stalls on Capitol Hill."
- Portfolio.com is already disappointed in the Commission writing, "Angelides assured Reuters that "he's no Ferdinand Pecora." Too bad."
Will the Commission turn out to be a lion or a lamb? Main Street needs a lion. We need this Commission to expose the excess, the fraud and the abuse at the heart of the financial system.
The Pecora Commission resulted in sweeping reforms that protected consumers for decades. It can happen again, but, only if the Commission puts the public interest first.
America's been ripped off. It's time for answers and reform so that this crisis doesn't happen again.

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