Congressman Patrick McHenry (NC-10), Chairman of the Oversight Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, issued the following remarks regarding the Financial Crisis Inquiry Commission majority and minority reports:
“The Financial Crisis Inquiry Commission has been likened to the 1930’s investigation led by Ferdinand Pecora. However, this is no Pecora. Pecora resulted in a unified report with a unified narrative. The FCIC has fallen well short of unity.
“The fact that three differing opinions have emerged from a body of only ten commissioners brings into question the objectivity of the majority report. The subcommittee I lead intends to review these efforts and the process from which they resulted.”
originally posted January 27th