Washington, DC: Accountable America Chairman Tom Matzzie released the following statement today in response to news that the Financial Crisis Inquiry Commission will call former SEC Chairman Christopher Cox as well as former Federal Reserve Chairman Alan Greenspan and current Chairman Ben Bernanke.

“It’s about time. Chairman Angelides is right to call Cox and Greenspan. If they decline to appear they should be subpoenaed.”

“Cox macheted the law enforcement functions of the SEC—one of the reasons Bernie Madoff was never caught.”

“Cox in particular allowed the banks to over-leverage themselves by neglecting his role as SEC chair to protect the public. An SEC bank supervision program, started in 2004 by his predecessor, was abominably managed by Cox and has been called one of the single greatest factors contributing to the financial crisis. Cox’s 17-year record and demeanor as chairman was always to protect the Wall Street banks rather than investors, the public and the economy at large.”

“It is easy to forget that Alan Greenspan ran the Fed for most of the period when the housing bubble was being inflated. He sat by as the bubble grew with few critical words until after he left his post.”

In newspaper ads today and yesterday Accountable America called on the Commission to investigate the regulators who failed to protect the public and the economy. The ads specifically mention Christopher Cox. The ad is viewable at www.AccountableAmerica.org.