Lets hope so. I fully expect Raines, Moses and Dodd to take the stand as perps.
Frank wants criminal probes into crisis
By POLITICO STAFF | 3/6/09 4:23 AM EST
Frank wants the culprits in the financial crisis punished, and he's asking for criminal and civil investigations. Photo: John Shinkle
House Financial Services Committee Chairman Barney Frank (D-Mass.) wants the culprits in the financial crisis punished, and he’s asking for both criminal and civil investigations.
“Rules don’t work if people have no fear of them,” Frank said at a news conference Thursday.
Frank announced a hearing March 20 with Attorney General Eric Holder, bank regulators and the Securities and Exchange Commission as witnesses to discover what their plans are to prosecute irresponsible — and, in some cases, criminal — behaviors.
Frank says he isn’t looking for names, but he does “want all the people with enforcement power — state and federal — in that room.”
Frank also announced that two financial entities either have returned or are planning to return a total of $7.6 billion worth of Troubled Asset Relief Program funds, including Northern Trust, which returned $1.6 billion to the feds after taking heat for sponsoring a PGA tournament after taking TARP money.
http://www.politico.com/news/stories/0309/19694.html