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background information on the Financial Crisis Inquiry Commission (FCIC)

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David Bernier

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Jul 24, 2009, 7:31:00 AM7/24/09
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I gathered some info. on the recently formed
Financial Crisis Inquiry Commission.


Members of the FCIC (list with no bio. info.)
----------------------------------------------
D means appointed by Democrats in Congress
R means appointed by Republicans in Congress.


Phil Angelides (D, Chair)
Bill Thomas (R, Vice-Chair)

Peter Wallison (R)
Doug Holtz-Eakin (R)
Keith Hennessey (R)

Byron Georgiou (D)
Brooksley Born (D)
Bob Graham (D)
Heather Murren (D)
John W. Thompson (D)

Members of the Financial Crisis Inquiry Commission named by Congress

a.k.a. FCIC

APPOINTED BY DEMOCRATS:
______________________

- Phil Angelides* (State Treasurer, California 1999-2007)
- Brooksley Born (Chairwoman, Commodities Futures Trading Commission
1996-99)
- Byron Georgiou (President, Georgiou Enterprises)
- Bob Graham (U.S. senator from Florida 1987-2005)
- Heather Murren (Chairman, Nevada Cancer Institute)
- John W. Thompson (Chairman, Symantec Corp.)

APPOINTED BY REPUBLICANS:
____________________________


- Bill Thomas** (U.S. congressman from California 1979-2007)
- Douglas Holtz-Eakin (President, DHE Consulting)
- Keith Hennessey (Director, National Economic Council 2008-09)
- Peter Wallison (Co-Director for Financial Policy Studies,
American Enterprise Institute)

*Angelides will chair the commission
**Thomas will serve a vice-chair

source of bio. info.:
American Banker,
cf.:
http://w4.stern.nyu.edu/news/news.cfm?doc_id=101452

---------------

From a recent post by William K. Black:

<< The Commissioners� central functions are to select a modern
Pecora as the executive staff director and then back him or
her against the inevitable political push back. >>

So the FCIC Commissioners will appoint a lead investigator who will
have some/little discretion on choosing his/her staff, depending
on what the Commissioners decide.

William K. Black should know about these things, since he
held the position of Deputy Staff Director of the National Commission
on Financial Institution Reform, Recovery and Enforcement (NCFIRRE),
which in 1993 investigated the causes of the S&L debacle.
[Note: this gives the view of an insider in an
FCIC-like commission, coming from a very senior
investigator in a past similar commission.]


He writes about his experiences as part of NCFIRRE
in his post here:
http://www.newdeal20.org/?p=3147

David Bernier

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