Top Wall Street bankers testified before The Crisis Commission whose job it is to find out what went wrong during the financial meltdown. The Chairman of the ten member commission is Phil Angelides,

Mr Angelides grilled Lloyd Blankfein, CEO of Goldman Sachs GS about its practice of first selling sub prime mortgage securities to investors and then selling them short, betting that the securities would go down. Blankfein answered that Goldman did not have a legal obligation to disclose when it was betting against the securities it was selling. In reply, Angelides said: "Sounds a little bit to like selling a used car with faulty brakes and then buying insurance on the driver."

Is this the first time you've heard about the Financial Crisis Inquiry Commission? Probably. It seems that Treasury Secretary Geithner organized the commission to investigate what went wrong during the financial crisis of 2008! That's right 2008! Can you imagine -- the public has been clamoring for answers as to what happened during the meltdown, and now a year later they decided to open an investigation.

The Commission was created by Congress to examine the causes of the collapse that roiled global markets and led to a $700 billion U.S. bailout of the nation's banks.