Commentary: Crisis inquiry panel fails to impress

06/10/2010 | Wall Street Journal, The

Columnist David Weidner argues that the Financial Crisis Inquiry Commission, led by Phil Angelides, has become "the most irrelevant body in finance and politics." The panel continues to rehash topics, but it fails to discover any insight into the cause of the global financial crisis, Weidner wrote. "Its hearings produce tired observations: ratings companies are conflicted, banks bet against their clients, lending standards were lax, incentives fueled reckless behavior," he wrote.

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