Byron Dorgan On Why The Financial Crisis Needs Investigating

摘要

On Mar. 3, Byron Dor -gan, Democrat of North Dakota, and John McCain, Republican of Arizona, issued a bipartisan call for the establishment of a special Senate commit-rntee to investigate the causes of the financial crisis. Whether that "select committee," which would have subpoena power, ever comes into being is still an open question. What isn't in question is that Dorgan spoke out against deregulation of the banking system, which many say sowed the seeds of the crisis. The Business Exchange box at the end of this column directs you to a video of Dorgan taking to the Senate floor to warn against breaking down the walls between commercial and investment banks. "I think in 10 years time we will look back and say, 'We should not have done that,' because we forgot the lessons of the past," the senator said.