Financial Crisis Inquiry Commission
978-613-2-66157-9
6132661573
92
2010-08-24
34,00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Financial Crisis Inquiry Commission (FCIC) is a ten-member commission appointed by the United States government with the goal of investigating the causes of the financial crisis of 2007–2010. The Commission has been nicknamed the Angelides Commission after the chairman, Phil Angelides. The Commission has been compared to the Pecora Commission, which investigated the causes of the Great Depression in the 1930s, and has been nicknamed the New Pecora Commission. Analogies have also been made to the 9/11 Commission, which examined the September 11 terrorist attacks. The Commission does have the ability to subpoena documents and witnesses for testimony, a power that the Pecora Commission had but the 9/11 Commission did not. The first public hearing of the Commission was held on January 13, 2010, with the presentation of testimony from various banking officials. Hearings will continue during 2010 with "hundreds" of other persons in business, academia, and government testifying. A final report is expected by December 15, 2010.
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