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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.

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