July 15, 2009


WASHINGTON – Senate Banking Committee Chairman Chris Dodd (D-CT) issued the following statement on the announcement by Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi of six appointments to the 10-member Financial Crisis Inquiry Commission, established by Congress to examine the domestic and global causes of the financial crisis.
Chairman Dodd co-sponsored the amendment to create the commission as part of the Fraud Enforcement and Recovery Act in April of this year.
 “The Majority Leader and the Speaker have put together an impressive group of experts to tackle an incredibly important job,” said Dodd.  “These are well qualified, thoughtful individuals who bring a wealth of experience to the job.  I am especially pleased by the selection of my former colleague and good friend Bob Graham, who has an unquestioned reputation for thoroughness and fairness.  He understands public policy and he sees it from the perspective of how that policy impacts people’s lives.”
“It is crucial that, as this institution continues to move forward on efforts to modernize financial regulations and address those problems already uncovered, we simultaneously have an in-depth, independent investigation of what went wrong.  Our work doesn’t stop with one bill this fall.  It is my hope that this commission will provide valuable insights that will help us to continue our efforts to ensure economic security for American families.”
Read the Reid/Pelosi Press release:  http://democrats.senate.gov/newsroom/record.cfm?id=315806&
For more information on the causes of the financial crisis, view hearings held by the Banking Committee: http://banking.senate.gov/public/index.cfm?FuseAction=Hearings.Home
# # #