10 Named to Probe Causes Of the Crisis
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Thursday, July 16, 2009
Former California treasurer Philip Angelides was named yesterday by Democratic lawmakers to lead a panel investigating the causes of the financial crisis. The panel has subpoena power and may identify firms and individuals judged responsible for contributing to the deepest recession since the Great Depression.
Democrats also appointed Brooksley Born, former Commodity Futures Trading Commission chairman; former senator Bob Graham (D-Fla.); John Thompson, chairman of software maker Symantec; Heather Murren, a retired managing director at Merrill Lynch; and Byron Georgiou, a member of the advisory board of Harvard Law School's corporate governance program.
Republicans named former congressman Bill Thomas as the vice chairman. Republican leaders also tapped Douglas Holtz-Eakin, former Congressional Budget Office director; Peter Wallison, a former Treasury Department general counsel; and Keith Hennessey, former National Economic Council director.
