Monday, February 1, 2010

Another promise broken

Three of the 10 commissioners studying the financial crisis have consulted for legal firms involved in lawsuits over the crisis, their financial disclosure forms show.

Two members of the Financial Crisis Inquiry Commission have worked for law firms representing people suing banks, while the commission's vice chairman is a consultant for a firm defending large financial services companies, according to disclosure forms the commissioners filed with Congress.

Didn't the administration promise that the regulators would not be players in the industries they regulate?

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