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The Angelides panel: truth and reconciliation
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Posted by
apesphere on 18 Sep 2009
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| Image courtesy WebWizzard via Flickr |
A Newsweek article argues the new Financial Crisis Inquiry Commission should play the role I was advocating for a truth and reconciliation commission to bring daylight and justice to the events leading to the financial crisis.
Michael Hirsh argues:
we don't necessarily need a parade of Wall Streeters headed to the Big House. What we do need, however, is a parade of witnesses who will provide what's been missing so far in this crisis—a prominent outlet for public outrage. In the last nine months, the Obama administration and the grandees in Congress have been designing solutions without much input from the outside, often using experts from Wall Street (especially "Government Sachs"). It's pretty much been a closed system.
Like I said, we need some public, inclusive, truth and reconciliation.
- Topics: Politics & Regulation, bank failure, bank governance, bankers, bankers pay, banking, banking regulation, banks, blue ribbon commission, commercial banks, communities, crisis, economic crisis, financial crisis, financial crisis inquiry commission, financial services, global economic crisis, investment banking, investment banks, investors, mortgage crisis, private banking, truth and reconciliation commission, united states congress, us congress, usa & canada, wall st, wall street
Julie Nelson 

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