Blankfein, Dimon, Mack and about 15 more are scheduled to testify before the panel which includes Brooksley Born among its commissioners. Cynically, I am inclined to believe it will be a useless charade conducted by a panel without power. However, the inclusion of Brooksley Born offers some hope for those seeking an honest examination of the events.
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From the Huffington Post:
Next week, the Financial Crisis Inquiry Commission (FCIC)-- the bi-partisan 10-member panel established by Congress to examine the causes of the financial crisis -- will hold its first public hearings featuring a selection of the nation's top bank executives -- Lloyd Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John Mack of Morgan Stanley and Brian Moynihan of Bank of America.
Last night the FCIC released the full witness list for the first public hearing. List and press release below:
The Commission will begin its thorough examination of the root causes of the crisis, hearing testimony on the causes and current state of the crisis from top leaders of both private and public sector entities.
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When: Wednesday, January 13, 2010: 9:00 a.m. ET
Thursday, January 14, 2010: 9:00 a.m. ET
Where: 1100 Longworth House Office Building, Washington, DC
Day One
Panel 1: Financial Institution Representatives
Mr. Lloyd C. Blankfein, Chairman of the Board and Chief Executive Officer
Goldman Sachs Group, Inc.
Mr. James Dimon, Chairman of the Board and Chief Executive Officer
JPMorgan Chase & Company
Mr. John J. Mack, Chairman of the Board
Morgan Stanley
Mr. Brian T. Moynihan, Chief Executive Officer and President
Bank of America Corporation
Panel 2: Financial Market Participants
Mr. Michael Mayo, Managing Director and Financial Services Analyst
Calyon Securities (USA) Inc.
Mr. J. Kyle Bass, Managing Partner
Hayman Advisors, L.P.
Mr. Peter J. Solomon, Founder and Chairman
Peter J. Solomon Company
Panel 3: Financial Crisis Impacts on the Economy
Dr. Mark Zandi, Chief Economist and Co-founder
Moody's Economy.com
Dr. Kenneth T. Rosen, Chair, Fisher Center for Real Estate and Urban Economics
University of California, Berkeley
Ms. Julia Gordon, Senior Policy Counsel
Center for Responsible Lending
C.R. "Rusty" Cloutier, President and Chief Executive Officer
MidSouth Bank, N.A. and Past Chairman of the Independent Community Bankers Association
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Day Two
Panel 1: Current Investigations into the Financial Crisis - Federal Officials
Honorable Eric H. Holder, Jr., Attorney General
U.S. Department of Justice
Honorable Lanny A. Breuer, Assistant Attorney General, Criminal Division
U.S. Department of Justice
Honorable Sheila C. Bair, Chairman
U.S. Federal Deposit Insurance Corporation
Honorable Mary L. Schapiro, Chairman
U.S. Securities and Exchange Commission
Panel 2: Current Investigations into the Financial Crisis - State and Local Officials
Honorable Lisa Madigan, Attorney General
State of Illinois
Honorable John W. Suthers, Attorney General
State of Colorado
Ms. Denise Voigt Crawford, Commissioner
Texas Securities Board and President, North American Securities Administrators Association, Inc.
Mr. Glenn Theobald, Chief Counsel
Miami-Dade County Police Department, Chairman, Mayor Carlos Alvarez Mortgage Fraud Task Force
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About the Financial Crisis Inquiry Commission (FCIC)
The bi-partisan 10-member Financial Crisis Inquiry Commission was created by Congress and is charged with examining the causes of the financial meltdown. It is also examining causes of the collapse of major financial institutions that failed or would likely have failed had they not received exceptional government assistance. The Commission is comprised of Chairman Phil Angelides, Vice Chairman Bill Thomas, and Commissioners Brooksley Born, Byron Georgiou, Robert Graham, Keith Hennessey, Doug Holtz-Eakin, Heather Murren, John W. Thompson, and Peter Wallison. Findings and conclusions are to be presented in a formal report to Congress and the President by December 15, 2010.