On Wednesday, the first hearing of the Financial Crisis Inquiry Commission–what many are calling this century’s equivalent of a Pecora-style investigation that scrutinized the market crash of 1929–will take place in Washington, writes Andrew Ross Sorkin for The New York Times’ Dealbook. Wall Street’s top brass are planning to be there (and yes, they are flying down the night before so they don’t miss it): Lloyd C. Blankfein…
Andrew Ross Sorkin writes in The New York Times’ Dealbook.
To Dimon and Moynihan: Your industry has vigorously opposed creating a consumer protection agency. But it’s clear that your millions of retail customers weren’t adequately protected, leading to hardship and heartbreak across the nation. Because you oppose creating such a regulator, what should be done to ensure these problems don¹t happen again?
The latest news on mergers and acquisitions can be found at nytimes.com/dealbook.