THE FINANCIAL CRISIS INQUIRY COMMSSION is holding a field hearing titled “The Impact of the Financial Crisis – Miami, Florida” in the Large Courtroom (RDB 1000), today Tuesday, September 21, 2010 from 9:00am – 2:00pm.
The bi-partisan 10-member Financial Crisis Inquiry Commission was created by Congress and is charged with examining the causes of the financial meltdown. As part of its inquiry, the Financial Crisis Inquiry Commission announced it will hold field hearings in four communities around the country significantly affected by the financial crisis. The hearings – organized and directed by Commissioners in those regions – will afford the Commission the opportunity to hear testimony from people on the ground about the causes and effects of the financial and economic crisis in their communities.
The Commission has held a series of public hearings throughout the year including, but not limited to, the following topics: complex financial derivatives, credit rating agencies, government-sponsored enterprises, the shadow banking system, subprime lending practices and securitization, and too big to fail. The Commission is comprised of Chairman Phil Angelides, Vice Chairman Bill Thomas, and Commissioners Brooksley Born, Byron Georgiou, Robert Graham, Keith Hennessey, Doug Holtz-Eakin, Heather Murren, John W. Thompson, and Peter Wallison. Findings and conclusions are to be presented in a formal report to Congress and the President by December 15, 2010. For more information, please visit FCIC.gov.