In May 2009, President Obama signed the Fraud Enforcement and Recovery Act of 2009

[ProSense]

The law established the Financial Crisis Inquiry Commission.

In the wake of the most significant financial crisis since the Great Depression, the President signed into law on May 20, 2009, the Fraud Enforcement and Recovery Act of 2009, creating the Financial Crisis Inquiry Commission. The Commission was established to "examine the causes, domestic and global, of the current financial and economic crisis in the United States."

The 10 members of the bi-partisan Commission, prominent private citizens with significant experience in banking, market regulation, taxation, finance, economics, housing, and consumer protection, were appointed by Congress on July 15, 2009. The Chair, Phil Angelides, and Vice Chair, Bill Thomas, were selected jointly by the House and Senate Majority and Minority Leadership.

The FCIC is charged with conducting a comprehensive examination of 22 specific and substantive areas of inquiry related to the financial crisis. These include:

<...>

In its work, the Commission is authorized to hold hearings; issue subpoenas either for witness testimony or documents; and refer to the Attorney General or the appropriate state Attorney General any person who may have violated U.S. law in relation to the financial crisis.

On November 17, 2010 the Commission resolved, by majority vote, to deliver its report in January 2011, rather than on December 15, 2010. The Commission will conclude its operations by February 13, 2011, as prescribed.

The commission's report on what caused of the financial crisis is due today.

[ProSense]

1. No comment? n/t

[ProSense]

2. Interesting that this is being ignored. n/t

[leftstreet]

3. Here's a pic of the Commission's Findings

:o

[ProSense]

4. Just think

that picture wouldn't exist without the commission establish by the President.

Sure everyone knew or had a feeling, but they didn't have the picture.

One piece characterized it this way:

"The reason so many people have lost faith in elites is because they see a country operating without a rule of law, with rogue criminals still working at major banks across the country and a two-tiered system of justice depending on your power and influence. The FCIC report will provide powerful proof of this."