House Oversight Steps into Fray of Financial CrisisIt looks like Congress has stepped into the fray of the Wall Street crisis.
In letters to Lehman Brothers and AIG sent today, Rep. Henry Waxman (D-CA), chair of the House Oversight Committee, requested the communications from the last 180 days of the CEOs and board of directors at the two companies. He also requested information about how the CEOS and board members would be compensated following the bankruptcy and government bailout of the two firms.
Additionally, a tipline has been set up to assist Congress with their “investigation into the collapse of Lehman Brothers and AIG.”