Not too much more to say as of July 9th -
The headline sort of says it all. At her weekly press conference, House Speaker Nancy Pelosi said we'd soon know the names of the men and women appointed to serve on the Financial Crisis Inquiry Commission.
Let's see who she picks while Goldman Sachs and JP Morgan feast.
This is supposed to be a redux of the Pecora Commission which was headed by a New York prosecutor,
Ferdinand Pecora was appointed chief counsel to the Senate Banking and Currency Committee by Herbert Hoover in 1929 but it was his work under FDR ferreting out bankers whose insider trading helped caused the Depression and those who profited from the collapse through short selling that earned him fame. His investigations led to the Securities Act of 1933 and the Securities Exchange Act of 1934.
We'll have to see if Nancy's looking for the truth or a shakedown.