Comments on: Financial Oversight: Bill Black Responds to Pelosi’s Call for Pecora Commission

By: PPDCUS

PPDCUS — Fri, 17 Apr 2009 17:26:33 +0000

Call me skeptical but I don’t see how the financial interests that own congress & the White House will allow a truth telling investigation of their oligarchy.

Anything more than Potemkin hearings would lead to real reforms and restructuring of a system that is highly successful for them and utterly fails rest of the economy.

Stiglitz, etal. have seen the writing on the wall.

In war, and this is a war, the eternal casualty is the truth.

By: JoeBuck

JoeBuck — Fri, 17 Apr 2009 16:52:16 +0000

Actually, majority and minority counsel wouldn’t be too bad. It worked well with the Watergate hearings. You then get at least one competent investigator/lawyer pushing things forward (assuming the Republican guy doesn’t cooperate). Agreeing on one person might require agreeing on one person who won’t threaten anyone.

What needs to be avoided is having hearings where each bloviating gasbag, er, senator or representative, gets a 5 or 10 minute slot to try to impress everyone with his/her “questioning”, and if anyone actually manages to ask a good question the witness just filibusters, stretching out the “answer” until time expires.

By: hcwalk73

hcwalk73 — Fri, 17 Apr 2009 16:06:30 +0000

Elizabeth Warren would be perfect to head a Pecora Commission. Envision Elizabeth Warren with subpoena power….Now there is a picture of hope.

By: Watt4Bob

Watt4Bob — Fri, 17 Apr 2009 15:54:53 +0000

So, we’ve come to the point where we accept that it’s entirely sensible to debate whether to investigate the causes of our recent economic troubles on one hand, or simply paint the game pieces a different color, and resuming the time honored tactic of giving the opposition more rope on the other.

By: texasaggie

texasaggie — Fri, 17 Apr 2009 15:14:58 +0000

That’s whom I was going to suggest. He already has an excellent track record of going after these crumbums and probably already knows where a few bodies are buried.

By: ThingsComeUndone

ThingsComeUndone — Fri, 17 Apr 2009 15:06:21 +0000

The guy who wrote the Black Swan we need people who understand computer math models used to justify what the banks and hedges did.
Some of these models were crooked.

By: ThingsComeUndone

ThingsComeUndone — Fri, 17 Apr 2009 15:03:53 +0000

Thank You:)

By: ThingsComeUndone

ThingsComeUndone — Fri, 17 Apr 2009 15:02:26 +0000

The Book An Anthropologist on Mars describes some mental patients who laughed every time President Reagan lied during a speech.

http://en.wikipedia.org/wiki/A.....st_on_Mars

(that scene is not mentioned in the wiki)

Anyway knowing when someone you question is lying could be an ace in the hole and speed up any investigation.

A financial news network that had people with this condition listen to CEO’s and guys like Cramer, Kudlow and Ben Stein and who would laugh everytime they lied would help restore financial transparency.

By: DWBartoo

DWBartoo — Fri, 17 Apr 2009 14:57:16 +0000

Excellent (and necessary) ‘additions’, TCU.

By: ThingsComeUndone

ThingsComeUndone — Fri, 17 Apr 2009 14:54:53 +0000

7) the investigation hearings must be on C-span and all information must be made available on the net.

8)We need an aggressive PR person to respond to GOP lies in the media about the investigation.