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Financial Services Hearing on Financial Crisis Inquiry Commission Report

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Uploaded on Feb 17, 2011

Blaine questions witnesses during the House Financial Services Committee hearing on Wednesday, February 16, to review the reports issued by Financial Crisis Inquiry Commission.

In 2009, Congress established the Financial Crisis Inquiry Commission, comprising six Democrats and four Republicans, to investigate the causes of the financial crisis and report its findings to Congress on December 15. The Commission missed its deadline and failed to reach consensus on the causes of the crisis. More than a month after its deadline, the Commission published three reports: one written by the Democratic Commissioners, a second written by three of the Republican Commissioners, and a third one by the fourth Republican Commissioner. The statute creating the Commission requires the Financial Services Committee to hold a hearing on the Commission's findings not later than 120 days after it issues its final report.

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