Britain and France have already proposed a large tax on executive bonuses.
The blue-ribbon commission established by Congress last year will finally hold its first public hearing to investigate the 2008 financial crisis, writes Liz Moyer for Forbes. By mid-December, the Financial Crisis Inquiry Commission will publish its report as to the cause of the crisis. The sessions will include all the big financial and mortgage companies, securities analysts, economists and academics. U.S. Attorney General Eric H. Holder Jr., the Federal Deposit Insurance Corp.’s Sheila Bair and the Securities and Exchange Commission’s Mary Schapiro will also be making an appearance.
This investigation, like others before, occur after big shocks and help assuage public anger – they don’t often provide anything else.
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- SPDR KBW Bank (NYSEArca: KBE)
Max Chen contributed to this article.
