Congress recently created a commission to investigate the crash, and some of its backers hope the panel will emerge as a major business-lashing, deregulation-blaming molder of public opinion like the Pecora Commission of FDR days. And to run the operation, Congressional Democrats have now selected California treasurer Phil Angelides, one of the nation's most durable and influential allies of the securities class-action plaintiff's bar.
Angelides to head panel on causes of financial crisis
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Center for Legal Policy at the