WASHINGTON, July 15 /PRNewswire-USNewswire/ -- House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid today announced their six appointments to the 10-member Financial Crisis Inquiry Commission, established by Congress to examine the domestic and global causes of the financial crisis.
"The American people deserve nothing less than a full explanation of why so many people lost their homes, their life's savings, and their hard-earned pensions," said Pelosi. "To avoid a financial crisis of this magnitude in the future, the commission will conduct a thorough, systematic, and non-partisan examination of the failures in both government and financial markets. The men and women we are appointing today bring great experience and credibility to the work of the Commission."
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Speaker Pelosi and Majority Leader Reid appointed former California State Treasurer Phil Angelides as chairman of the Commission. The statute requires the House Speaker and the Senate Majority Leader to jointly appoint a commission chair. Mr. Angelides, one of Speaker Pelosi's three appointments to the commission, served with distinction as the elected California State Treasurer from 1999 to 2007. He has earned national recognition as an effective public and private sector leader with broad expertise and accomplishments in the fields of investor protection, housing, finance, and corporate and financial market reform.
Brilliant!
Pelosi, Reid Announce Six Appointments to the Financial Crisis Inquiry Commission
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