March 2nd, 2009
05:26 PM ET
14 years ago

McCain, Dorgan to seek Senate committee on financial crisis

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.

Filed under: John McCain
soundoff (62 Responses)
  1. arithmetic is liberal

    Google Wurtzelbacher and Keating and see what happens.

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

    March 2, 2009 07:38 pm at 7:38 pm |
  2. gl, Pittsburgh

    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.

    March 2, 2009 07:39 pm at 7:39 pm |
  3. Farrell, Houston, Tx

    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.

    March 2, 2009 07:41 pm at 7:41 pm |
  4. fed up

    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.

    March 2, 2009 07:45 pm at 7:45 pm |
  5. Obama - NOPE

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

    March 2, 2009 09:08 pm at 9:08 pm |
  6. 30m-Democrat-voted Clinton then McCain

    The Democrats are in trouble now.

    March 2, 2009 09:10 pm at 9:10 pm |
  7. 30m-Democrat-voted Clinton then McCain

    Had It,

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

    March 2, 2009 09:10 pm at 9:10 pm |
  8. Robert

    This is a complete was of time!

    March 2, 2009 09:33 pm at 9:33 pm |
  9. J.C.

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

    March 2, 2009 09:34 pm at 9:34 pm |
  10. Marcia, Marcia, Marcia in CA

    Do it!

    March 2, 2009 09:40 pm at 9:40 pm |
  11. Brendan H., San Antonio, TX

    How to avoid financial crisis?

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

    March 2, 2009 10:20 pm at 10:20 pm |
  12. Before you figure out.......

    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--

    March 2, 2009 10:24 pm at 10:24 pm |
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