WASHINGTON (CNN) – Republican Sen. John McCain and Democratic Sen. Byron Dorgan plan to introduce legislation to create a Senate panel to investigate the causes of the financial crisis, McCain’s office said in a statement Monday.
If approved, the committee would also make recommendations about how to avoid a similar crisis in the future.
The two senators plan to hold a press conference Tuesday afternoon on Capitol Hill to formally announce their proposal.
Old man go back to your cage ? RNC cost all this problem Impeach Bush ???
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.
Where have these concerned Senators been the past EIGHT YEARS???????
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.
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
"If approved, the committee would also make recommendations about how to avoid a similar crisis in the future."
Not be stupid and greedy anymore?
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.
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.
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.
I hope he fails.
We already know what caused the financial crisis, GEORGE BUSH.
The Republicans will say and do anything to make themselves blameless. Dumb Idiots!
THE REPUBLICANS WANT TO
INVESTIGATE THEIR OWN CRIME !!!!
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...
Who needs terrorists when we have the GOP and Rush Limbaugh!
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.
Mccain is Just to Blame for Dergulation I dont trust him on this!
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.
Foxes guarding the chicken coop.
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?
Military empire around the world! Just a thought.
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!
Why do McCain think he is in charge? He lost didnt he?
I love it.
Let's fix the country with a power point!
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.