Thursday, November 18, 2010

Financial Crisis Panel Delays Report on Crash Amid Republican Opposition

http://www.bloomberg.com/news/2010-11-17/financial-crisis-commission-delays-report-to-obama-congress-until-january.html

The SEC needs to go. Had they actually been doing their job, the FCIC would have not been necessary.
The former chief account for the SEC, thinks the FCIC is a waste of money, what does that tell you kids?
Collusion with the banks!
To much dirty laundry has been laid out for all the world to see, for the idea of the FCIC to be a waste of money.
What I personally hope doesn't happen is the burying of the body parts under the brunt of to much bogus bullshit like was done in the 9/11 commission report.
It's time for the "oligarchs" to live up to and take credit for their personal obligations in the financial meltdown of this country.


Congress created the FCIC to investigate the causes of the 2008 financial crisis, which triggered the collapse of Lehman Brothers Holdings Inc. and led to U.S. bailouts for companies such as American International Group Inc. The panel, which has heard testimony from executives including billionaire Warren Buffett and Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein, has been beset by partisan disputes and staff departures throughout its 15-month existence.

‘Waste of Money’

“This has been a waste of money from the get-go,” said Lynn Turner, a former chief accountant at the U.S. Securities and Exchange Commission. Turner said he doubts the report “will really go out and nail anyone to the wall, so it likely doesn’t matter if it doesn’t come out until after hell has frozen over.”