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Boehner, McConnell Announce Pecora Appointees
House Minority Leader John Boehner, and Senate Minority Leader Mitch McConnell have announced the four Republican appointees to the Financial Crisis Inquiry Commission, rounding out the entire commission, which, by law, can convene and begin work immediately
In a statement, the Republican leaders write:
Boehner and McConnell jointly selected former House Ways & Means Committee Chairman Bill Thomas to serve as Vice Chairman of the Commission. In addition, Boehner appointed Peter Wallison, Co-Director for Financial Policy Studies at the American Enterprise Institute (AEI), and McConnell appointed former Congressional Budget Office (CBO) Director Doug Holtz-Eakin, and former National Economic Council Director Keith Hennessey to serve on the Commission as well.
More to come on these four appointees, as well as the six Democratic appointees, later today.
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Josh
Matt
Eric
Brian
Well, know we know who Wall Street's blockers and tacklers will be. (Although given how tame the Democrats are on this subject, they may not get much playing time.)
July 15, 2009 1:12 PM | Reply | Permalink
Shouldn't this be more proportional? I'd say the Republicans should only get 2 picks, which would equate with the 20% following that they have.
Also, Douglas Holtz-Eakin? McCains economic advisor. Boy, that's a solid or a huge negative, depending on whether you belong to the 20% or 80% respectively.
July 15, 2009 1:13 PM | Reply | Permalink
6-4 is roughly the split in Congress.
July 15, 2009 3:09 PM | Reply | Permalink
Is Boehner kidding? The American Criminal Enterprise Institute?????!!!!
Jesus Fucking Christ!!
July 15, 2009 1:17 PM | Reply | Permalink
Doug Holtz-Eakin, who said Methuselah McCain invented the BlackBerry?!
http://articles.latimes.com/2008/sep/17/nation/na-campaign17?pg=1
July 15, 2009 1:33 PM | Reply | Permalink
On the upside, they've already got the minority report written. Turns out, the whole meltdown was caused by Jimmy Carter and Bill Clinton forcing banks to lend money to shiftless coloreds. Case closed.
July 15, 2009 2:48 PM | Reply | Permalink
I would say, however, that any report that does not place some fault on Pres. Clinton for signing the repeal of the Glass-Steagall Act will lack substantial credibility.
July 15, 2009 3:17 PM | Reply | Permalink
Glass Steagall might have slowed down a few things
but the worst offender was Phil Gramm sticking his provisions that kept anybody from regulating derivitives like Mortgage backed securities into the omnibus spending bill in Dec. 2000.
July 15, 2009 3:22 PM | Reply | Permalink
It passed with something like 90 votes. What could he do?
July 15, 2009 3:53 PM | Reply | Permalink
The smart money is guessing this commission will turn out a Big Nothing product. What a joke.
July 16, 2009 11:35 PM | Reply | Permalink