Senate Permanent subcommittee on Investigations launches series of hearings on Wall Street and the financial crisis
Yesterday, the US Senate Permanent Subcommittee on Investigations, under Chairman Carl Levin, and Ranking Member Tom Coburn, launched a series of hearings to examine the roles played by high-risk mortgages, regulators, credit rating agencies and Wall Street investment banks in the financial crisis.
Senators will examine the role of accounting in preventing another financial crisis in a congressional hearing slated for Wednesday, on the heels of a critical UK parliamentary report.