It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
To establish the Congressional Commission on Financial Accountability and Preparedness to examine and report upon the facts and causes relating to the breakdown in the financial and credit markets in 2008, and investigate and report to the Congress on its findings, conclusions, and recommendations for prosecution of criminal behavior.
(1) To examine and report upon the facts and causes relating to the breakdown in the financial markets in 2008.
(2) To ascertain, evaluate, and report on the evidence developed by all relevant governmental agencies regarding the facts and circumstances surrounding the breakdown.
(3) To determine whether all credible leads and information regarding fraud or manipulation were pursued with due diligence by Federal investigators.
(4) To make a full and complete accounting of the circumstances surrounding the financial breakdown and the extent of the Federal Governments’ preparedness for, and immediate response to, the breakdown.
(5) To investigate and report to the Congress on findings the conclusions of the Commission and recommendations for corrective measures that can be taken to prevent and respond to financial crisis in the future.
(3) SPECIAL REPORT ON CORPORATE ABUSE OF TAX PAYER FUNDS- The Commission shall--
(A) submit a special report to the Congress on any corporate abuse of taxpayer funds the Commission finds occurred; and
(B) analyze the current state of the regulatory system and effectiveness of the regulatory system in overseeing the participants in the financial system and protecting consumers.
(4) SPECIAL REPORT ON CORPORATE OFFICERS AND ELECTED OR APPOINTED GOVERNMENT OFFICIALS- The Commission shall submit a special report to the Congress on any fiduciary negligence, fraudulent behavior, poor corporate governance, obstructionism, or media manipulation that the Commission determines was engaged in by relevant corporate officers and elected or appointed government officials.