Comments on: Pecora in Perspective: Why Do We Need a New Commission?

By: Cynthia Kouril

Cynthia Kouril — Thu, 25 Jun 2009 11:57:46 +0000

Robert they passed the law, and it was signed by the President on may 20th, but so far, I don’t see them appointning any commissioners.

Until they appoint a minimum # of commissioners, they can’t hire staff (next week’s post is all about this)so no work is being done

By: MarkH

MarkH — Thu, 25 Jun 2009 02:09:30 +0000

Governments always have a lot to do, but in this present case I don’t see how we can avoid examining the past. Did you read about the DoD newsletter which said in 2008 that 4 presidential candidates needed to be immediately arrested and hung? Did you see the blog-post about American Airlines changing Wikipedia entry on 9/11 to say their flights 11 and 77 DIDN’T fly that day? Those were the planes which supposedly hit the Trade Center and the Pentagon. If we let it slide, then where will it end? We need better accountability for what people have done to ensure we can regularly oversee and to inform the public.

Even moreso with regard to the financial crisis, there is an interest in whether people created this mess to intentionally hurt America (for fun & profit). If we don’t investigate they could well do this again.

We have to trust in discovering the Truth.

By: STTPinOhio

STTPinOhio — Thu, 25 Jun 2009 02:05:51 +0000

Sorry I missed this live, but that’s exactly what’s needed.

I’m constantly dumbfounded by all the people who, in essence, say “Nothing to see here, move along” wrt all the looting and thievery of the treasury that happened last fall.

Somebody needs to get to the root of

1) Why Goldman survived when Bear Stearns and Lehman didn’t.

2) Why oil reached $147 a barrel with no significant increase in demand.

3) Why credit default swaps were allowed to be sold in the trillions of dollars and no one saw fit for all this activity to take place in the sunlight of an exchange.

That’s just a beginning.

By: MarkH

MarkH — Thu, 25 Jun 2009 02:02:19 +0000

Isn’t Cheney like a super-natural being who can be most anywhere he wants at any time? You know all that hanging upside-down stuff is weird, but the lurking in the shadows and the snarl. Well, he’s already a historical oddity, so why not let him stand anywhere he likes? After all, he’s not hurting anybody nowadays.

Historians will just love to write about this time from 1980-now.

By: RobertOak

RobertOak — Thu, 25 Jun 2009 02:00:35 +0000

They already passed a commission,under Section 5 of the Fraud Enforcement and Recovery Act of 2009, which is signed into law. But it’s a stacked deck investigation.

Of course we haven’t heard anything about it since.

Now we’re getting rail roaded on major regulatory reform without really doing the financial forensics. A piece amplifying this, Regulation Power: Where are the Checks & Balances?.

Note the slew of house hearings yet the promise by Chair Frank to let the Obama administration (read Geithner) write up the actual reform legislation.

By: Kassandra

Kassandra — Thu, 25 Jun 2009 01:58:51 +0000

Elizabeth Warren had an affair!!!!???? What’s the world coming to? I thought only men had affairs!

By: Kassandra

Kassandra — Thu, 25 Jun 2009 01:57:45 +0000

Oh, just growing my garden….changing my mind”s” and habits and trying to stay away from politicians and other crazy people so I don’t go crazy with them.
thanks for askin’
What’s up with you?

By: montanamaven

montanamaven — Thu, 25 Jun 2009 01:51:33 +0000

We don’t need a Pecora Commission. We need a Pecora. I wrote about this a couple months ago. The Senate did a crappy job of investigating until they got Ferdinand Pecora.

we need Elizabeth Warren. or Elliot Spitzer or John Edwards sans affairs.

By: Rayne

Rayne — Thu, 25 Jun 2009 01:28:02 +0000

Cynthia, I am so glad you are staying on top of this issue. It may not draw a lot of comments when you post about the Pecora Commission, but you’re leaving a body of work where we can get to it — like ammunition.

By: Eureka Springs

Eureka Springs — Thu, 25 Jun 2009 00:50:45 +0000

Difficult to know.. what bill it’s in or attached? Unless it’s in the Homeland Security bill… I don’t think it came to a vote today.

Hard to imagine it would ever pass.