CNN

how to prevent the next one-–how about fixing this one first-we're going down the tubes fast and there's no bottom in sight--

How to avoid financial crisis?

Don't let the GOP control the pocketbook. There, no need for a committee!!!

Do it!

Dr. Ron Paul is the one that is qualified for leading this Congressional committee for investigating financial crisis.

This is a complete was of time!

Had It,

You mean like what the Dems and Clinton Admin. did? Get your facts straight.

The Democrats are in trouble now.

The solution to the growing financial mess is easy – Impeach Obama.

Today's crisis is the culmination of decades of bad legislation going back to Carter coupled with the stupidity of politicians and Americans who actually thought they could spend more than they make forever without consequence. This isn't at all hard to figure out if you take the time to study political and economic history. Unfortunately, most people would rather watch American Idol than think and learn.

McCain aka Keating 5 caused the failure of Lincoln Savings in the '80's, McCain's son Andrew McCain, CEO of Silver Bank of Arizona quit when it failed. This should be a no brainer for McCain but interesting that he wants to look into the economic failure now after putting 1 of his 8 mansions up for sale. You go figure.

investigate the causes of the financial crisis- I have the answer tax cuts for the rich and deregarlation for the banks for 8 years! Now you have it with out a panel that was tax payers money.

Google Wurtzelbacher and Keating and see what happens.

Fascinating. You were duped and suckered again, right wing.

If McCain had run a decent campaign without the divisiveness and Sarah Palin he would have had a decent chance to win. Instead he let his base ruin him and his chance to be President. That being said, I for one am sick to death of hearing from him on any matter. It's as if he has all the answers. Face it McCain, the American people rejected you, your ideas and the Republican ideology. Get over yourself, you lost so how YOU would do something doesn't matter.

I love it.

Let's fix the country with a power point!

Why do McCain think he is in charge? He lost didnt he?

McCain still doesn't get it that he didn't win the presidency.

Most men his age would quietly return to their home and young wife and RETIRE!

Military empire around the world! Just a thought.

Only Republicans would want to spend EVEN MORE taxpayer money to figure that out! What? Are they hoping they can somehow blame it on global warming or abortionists?

Foxes guarding the chicken coop.

The left doesn't want this because they would no longer be able to spew "it was ALL Bushes fault" and that would ruin their talking points.

I notice that although there was one R and one D mentioned the left only blast the R.

Hypocrits!

Mccain is Just to Blame for Dergulation I dont trust him on this!

This could prove to be really interesting, but to be truthful I doubt that the money spent will be worth it. If they complete the investigation and don't like the answers, they won't implement any recommendations for preventing reoccurances.

Who needs terrorists when we have the GOP and Rush Limbaugh!

What? Does this mean that McCain feels like he has NOTHING to do with the current state of the economy? He voted in lock step with Bush/Cheney all the 8 years they were in power! They voted for Corp. welfare for the wealthiest 5% of the population! They gave them tax breaks to take their business to third world countries! They gave them the humongous Bail Out with NO accountability for the money! And he thinks we do now know what caused this melt down in our economy? Really?

What is this stupid Democrat saying.... perhaps, I voted in lock step with the Republicans as well... I don't want to get blamed for this melt down.... so what better way to hide their evils. You know like telling the Fox to investigate the missing Chicken Problem in the Hen House! *LOL* Seriously...

THE REPUBLICANS WANT TO

INVESTIGATE THEIR OWN CRIME !!!!

The Republicans will say and do anything to make themselves blameless. Dumb Idiots!

We already know what caused the financial crisis, GEORGE BUSH.

I hope he fails.

Actually if handled right, would be a good idea. I am tired of all the finger pointing, who did what to who and so forth, and all of the experts, pundits and talking heads ( regardless of political affiliation) have NO CLUE as to what they are talking about as they have been 100% wrong about this from the get go. David Faber's House of Cards program was quite good at walking through the basic history, but really only scratches the surface, and I still can't figure out what a "credit default swap" is or why someone would want one and I have two post-bacculaureate degrees.
The big problem is expecting Congress to handle something like this properly, independent of their special interest supporters and with 110% transaparency maybe something akin to the Watergate hearings, but who could fill Sam Ervin's shoes, very few if any come readily to mind.

LETS THINK HARD. COMMON FOLKS WE CAN DO THIS.

OH, OH, I GOT IT !!!! I GOT IT !!!!!

8 YEARS OF SENDING MONEY TO IRAQ BY THE TRUCKLOAD-

PER DAY, MARKET MANIPULATION & FRAUD, TAX BREAKS TO

THE VERY WEALTHY & TO OIL COMPANIES. DID I FORGET-

HAVING A GREEDY, DISHONEST MORON FOR PRESIDENT,

WHOSE POLICIES MCSENILE SUPPORTED BY A 95% VOTE.

NOW WE CAN SKIP THE EXPENSE OF THE REPUBLICAN

COMMITTEE CRAP ALTOGETHER. I SHOULD CHARGE FOR THIS.

Isn't that like investigating your own crime? Something is fishy about this. What better way to control what "findings" are brought to the public and filter them before they are released!

I think McCain had a big role in the deregulation of the financial industry, and he's afraid that if he isn't in on the investigation, he cannot prepare his lawyers ahead of time.

"If approved, the committee would also make recommendations about how to avoid a similar crisis in the future."

Not be stupid and greedy anymore?

Do we really need a "Panel" to investigate the causes of this
financial crisis? How about greed, deregulation, "buddies helping
buddies", incompentence, NO VETO PEN, and more greed.
There, now pay me what it will cost you to convene this panel.
We won't hear the truth. It will be a lot of finger pointing, who me?, and
cover up. Get with the program and start working together on
solutions.

OMG didn't you learn anything when you suspended your campgain to fix the financial problem the first time. 8 years of Bush is what caused this, 2 wars, liars, theives and hypocrates on Wall Street and in Washington, you've been working there for over 30 years and was in the Senate for the 8 years Bush was in office and you didn't see anythng wrong? Come on Mccain. Give it a rest will you.

Where have these concerned Senators been the past EIGHT YEARS???????

Not one committee they have ever formed has accomlished anything meaningful. If McCain is involved, it'll really become a disaster. Let him form a panel to study why Republicans are so anti-America.

Old man go back to your cage ? RNC cost all this problem Impeach Bush ???

McCain? The fundamentals of the Economy are Strong? That McCain?
Ha,Ha, Ha, No, Stop, This is a joke committee right?

This is a repeat of what he said at the beginning of all this during his campaign. "We need to set up a committee to investigate this and come up with the best solutions..."

Come on!!!!! Do these two politicians really think they know how to get to the bottom of this and then fix it? Well, I guess they could if we give them enough YEARS!!!! One problem////if we wait that long there won't be anything to fix.

McCain...same old grumpy, sore looser.

Congress has already done enough to tank our financial systems. How about they all stay the heck out of private business and focus on shrinking government.

Geez! How long can Americans take government help? I can hardly stand anymore.

sounds good to me

Let the recriminations begin! Might as well determine who and what caused this nosedive of financial activity during the Bush administration. George W. Bush was given a surplus when first inaugurated and then turned this country into a ten trillion dollar problem. Do you think that the Senate will discover that when you take a guy who has had a history of turning companies into failed ventures beginning with Arbusto, Spectra Seven, Harken, and so forth, that a consensus should show that the US is also a nearly failed institution under this man? It is about time that this investigation get started after all what else do the Republicans have other than name-calling. These guys would have us believe that the Titanic is still seaworthy two and a half miles under the ocean and it wasn't the fault of the company that placed it there. Time will tell!

McCain is desperate to stay in the spot light.

It would be interesting to see if there is any criminal activity involved. It is a good step to take.

That sounds like a great idea!

It will only be interesting if they can keep party politics out. I do not think that will happen. McCain has an agenda and no backbone. I know nothing about the N Dakota Senator. This is a political bombshell. It has every problem, money, rules & the lack of rules, who did what to whom. If a committee is to look at this, we need an independent group.

As a person with no debt, a great retirement package in the market, (now gone), I would love to know. With no job, retirement is here now.

This is what I like to see action and not windbagging like the "full of answers" Rush Limbaugh.He brought in the money $33 million (2007) . And he has a way with women (away with women)Spouses Roxy Maxine McNeely,Michelle Sixta, Marta Fitzgerald. 33 million could put 36 people to work @ 30,000/year for 30years. He does not care about Joe Blow.

Wow, finally McCain makes a smart move. That's one more than most of you Rethuglicans will ever come up with

No need to investigate John, your republican party is to blame for the current economic disaster.

Sorry but this is the guy who said the economy was sound and now he wants to investigate why it is the way it is? I thought he and so many others knew the cause – wasn't it the de-regulation allowed by Clinton and Senator Dodd? Oh wait, wasn't it Freddie Mac & Fannie Mae CEOs? Does anyone honestly believe that anyone on Capitol Hill has a real clue? Do we really have time or money to rehash the past ?

I think this is a great idea! Finally........ something BIPARTISAN!

We MUST investigate, and get to the bottom of the Bush Disaster so that we can learn from mistakes!

Starting with the SEC and its refusal to investigate Madoff!

Maybe, we should look into Senator John McCain's finances.., how many houses or homes ? Doesn't know about how many homes he and his wife has ? Maybe, a closer look at Senator John McCain financial dealing and his wife (Cindy) ? Before, John McCain's speaks.., let's take a closer look into his and his wife finances.. Mike in Montana

Is it going to blame politicians for their everyone has a rig t to own a home attitude? Is it going to blame the financial institutions who did not tell politicains to stick it and loan only to those who could afford the house? Is it going to blame the American People especially in those states where housing prices were rediculous, who lied to financial institutes or fudged what they really made or thought their 40 year old 3 bedroom, one bath ranch house was worth $400,000.00? No!

I can't decide if this committee should be called the Committee on How It Wasn't Our Fault or the Committee In Charge Of Locking The Barn Door After The Horse Gets Out.

Either way I'm not really seeing a point (except maybe to keep McCain occupied until he retires, or is retired?).

That investigation, if done honestly, will lead them to Chris Dodd, Rangel and Barney Frank.

YES! YES! YES!

We need an answer to this question.....

And we need to make sure it never happens again!

Maybe after we get to the truth and set up regulations that will work investors will feel confident about investing in America again!

Thank you Maverick McCain!

President Obama already DID THAT!!

It's about time......

Let's just hope that the panel will act swiftly.

The last thing we need is another delay of action like Sen. Rangel, who has yet to answer or pay for his tax evasion. When is Pelosi and the Senate going to finally address that issue?

This will never happen. The Dems will not want the country to know the TRUTH that is was all the Demo policies and doings that caused this to happen...

Maybe someone will do something other than blow taxpayer's dollars and pad their own pockets (Pelosi, Franks, Dodd, Reid).

Is McCain (e.g., Keating 5 fame) going to suggest MORE deregulation AGAIN?

Go soak your head John mcCain. You lost..get over it.Just what we need more committees especially by financially astute people like you.