Wednesday, July 15, 2009

The Panel Investigating the Financial Crisis Will Probably be a Painfully Boring Bunch

The Wall St. Journal has names for the Financial-Crisis Commission patterned after the Pecora Commission that investigated the causes of the Great Depression.

Unfortunately, this panel will not include the greatest financial mind of our time, Maxine Waters, which is a devastating turn of events because the banning of credit default swaps and dismantling of Goldman Sachs are absolutely crucial to fixing this economy.

The 21st Century version of the Wall St. rectal exam will instead be chaired by Phil Angelides, the former treasurer of California (which makes us pretty nervous considering how well Cali is doing) so we'll speculate that the main stream media will creatively come up with the name "The Angelides Commission".

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