Bank Executives to Testify Before the Financial Crisis Inquiry Commission

Hmm! Let's see, as that is a hard question.

I don't know whether to call the "investigation" an understatement or an idiotic understatement. No matter, as it will rival the one uttered by the head of the U.S. patent office back in the 1870's. He suggested closing the patent office as he felt there was nothing new to be invented. Good timing, as it was just before Edison and Bell made history. Something about stupid statements and hearings, especially when everybody above the age of 12 already knows the cause.

If they really want to hold an investigation.---------

Appoint a special commission - headed by Thomas Kaine - yup, the same as chair from 911 with unlimited hearing power.

I would love to see the members of the House and Senate finance and banking committees why they did nothing in the way of oversight. I would also like the head of OFHEO tell the public just how he was handling oversight of Fannie and Freddie. I would like to see former Fed chief Greenspan, former Sec. of the Treasury Rubin and current presidential economic chief Summers tell us all how good derivatives are and how the business world "will police itself". I want them to tell us again how good people like Madoff , naked short sellers and mortgage brokers with no scruples are.

Than we could move on the SEC and the bankers.

The real blame game has begun. True, the bankers and Wall St. are going to be in forefront, but they are there only because they were allowed, and allowed freely without any restraint to concoct financial trading schemes that could only be described as voodoo.

The real culprit lies in our government and years of laissez faire, Ayn Rand Libertarianism. The main players are all supposed to be economic experts however, they are all poor historians. These identical policies caused 1893 which kept the economy in poor shape until 1910.

I think that we should prepare for a repeat.

Unless every damn individual being questioned, is hooked up to an operating (fully functional) polygraph machine while answering ANY questions. As far as I'm concerned. Its just another horse and pony show. Contrived to calm down the anger, and outrage most Americans are feeling right now, with our Government and our entire banking system.

As long as Jamie Dimon will be giving testimony. I hope he remembers all his up beat (Chase is doing just fine financially) comments he stated during his appearance on the Oprah show. The statement was made just a few month prior to Chase needing a few BILLION dollars in TARP money. Actually, I think every bank in out country ended up getting some TARP funding. At least thats how it seems to look when you see the list of banks, and the amount of TARP funds they actually did receive. Its very interesting, that only a few have been mentioned, as far as paying TARP funds back.

However, I do question and validity, and accuracy of the so called TARP repayments made by the borrowing banks, thus far. Perhaps its just me. In God I trust. In Government, banks and Wall Street. I have not trust.

Regulate, regulate, regulate and watch the greedy banksters and financial whiz kids like a hawk or they will do it again if given the chance.