Ready for Your Rectal Exam Wall St?

Big names are being thrown around by Bloomberg as to who will head the commission that will investigate the financial crisis/meltdown/debacle.

Apparently Sandra Day O'Connor, Paul "No One Talks to Me" Volcker, and Arthur Levitt are all on the short list. Why such heavy-hitters?

“Whoever investigates this is going to have to dig way below the surface and get to the bottom of what caused all these problems,” said Charles Geisst, a finance professor at Manhattan College in New York and author of a history of Wall Street. “If you don’t get someone who has a big name and a good reputation, it sends a signal that you are just going through the motions.”

Ohhhh, you mean that if you just let members of Congress do the bloviating questioning, the witnesses might not take the investigation seriously? Get out!

Congress Weighs O’Connor, Volcker, Levitt to Investigate Crisis [Bloomberg] Sphere: Related Content

Bring in the Clowns

Greatest Show on Earth...

Bloomberg is reporting that Nancy Pelosi is going to "push for a comprehensive inquiry" into the causes of the collapse of Bear Stearns, Lehman Brothers, and Merrill Lynch because "three-quarters of Americans " want to know.

So let me get this straight: 225 million people want to know what caused the failure of these firms and that will help them how exactly?

Oh, I know: NASCAR Dads and Stepford Wives will definitely be watching the hours and hours of interrogation by politicians like Maxine Waters and then Goldman Sachs conspiracy will gain some traction.

It's all so crystal.

Pelosi Wall Street Probe Modeled on Pecora After Market Crash [Bloomberg]

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