Banking crisis commission proposed
Published 01/23/2009, The Jamestown Sun
Two U.S. senators are proposing a Sept. 11-style commission with subpoena powers and a $3 million budget to investigate what caused the banking and financial crisis. Sens. Johnny Isakson, R-Ga., and Kent Conrad, D-N.D., said Wednesday the bipartisan panel would conduct a comprehensive “for-ensic audit” to find out what went wrong and recommend ways to keep it from happening again. “I’ve never personally seen anything like the economic times we’re in now,” said Isakson, who built a fortune in Atlanta-area real estate before coming to Congress. “We must learn exactly what happened and why.Word count: 308
The full article is available to newspaper subscribers. If you are a subscriber please log in to continue reading.