A bipartisan panel created by Congress charged with examining the causes of the nation's financial crisis, the Financial Crisis Inquiry Commission, started its public hearings into the financial crisis. Today, top executives from the major banks were testifying. During a heated exchange between the Commission’s Chairman, the former California State Treasurer Phil Angelides and Goldman Sachs’s CEO Lloyd Blankfein accused the biggest banks as acting like used-care salesmen knowingly selling lemons to consumers.
Click here to find out more information about the Commission and its hearings.
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