January 13, 2010
Financial crisis inquiry begins
On Wednesday, January 13th, the CEOs of the United States’ four largest banks went under oath to answer questions about their role in the financial crisis of 2008. It marked the opening day of a new government inquiry into the causes of the financial crisis. The inquiry has the power to subpoena for information and recommend criminal investigations, but will it put these tools to work?
Thomas Ferguson is a political scientist and author who studies and writes on politics and economics, often within an historical perspective. He is a Political Science professor at the University of Massachusetts Boston. He is also a a contributing editor of The Nation. He is also the author of several books, the recent of which is Golden Rule: The Investment Theory of Party Competition and the Logic of Money-Driven Political System
Kevin G. Hall, the former South America correspondent, is now the bureau’s national economics reporter. During his career he has reported from Mexico City, Saudi Arabia, Miami, Los Angeles and Washington, D.C., for the Journal of Commerce and United Press International. He speaks Spanish and Portuguese.