DODD PRAISES SENATE PASSAGE OF LEGISLATION TO INVESTIGATE ECONOMIC CRISIS
April 22, 2009
WASHINGTON, D.C. – Senator Chris Dodd (D-CT), the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after Senate approval of an amendment he offered along with Senators Johnny Isakson (R-GA) and Kent Conrad (D-ND) that would create a Financial Markets Commission charged with fully investigating the causes of the current financial and economic crisis in the United States.
“Through dozens of hearings at the Banking Committee, we have documented a web of negligence, regulatory failures, and other abuses that caused this crisis in our financial system, and in the broader economy. It will be the responsibility of this independent commission to build upon these findings, investigating every level of regulatory failure, and sniffing out any illegal or abusive activity within the financial services industry. Millions of families have lost their homes, their jobs, or their lifetime savings. The American people deserve to know what caused this crisis.”