House Oversight Committee Will Hold Additional Hearings on Wall Street’s BreakdownHenry Waxman, House Oversight Committee Chairman, added three more hearings on the financial crisis to the Committee’s schedule in October.
Oversight had already planned to hold hearings on AIG’s bailout and Lehman Brother’s bankruptcy.
The new hearings will cover hedge fund regulation, the breakdown of credit rating agencies and the role of federal regulators.
“This financial crisis has shaken the global economy,” Waxman said. “Congress cannot wait until a new administration arrives in January to examine what went wrong and who should be held accountable.”
Waxman wrote letters requesting testimony from Treasury Secretary John Paulson, philanthropist George Soros, former Fed chairman Alan Greenspan, SEC chairman Christopher Cox and the heads of a number of hedge funds.