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U.S. Lawmaker Suggests Special Counsel Probe of Wall Street Operations

Posted Oct 6, 2008, 02:25 pm CDT
By Martha Neil

At least one congressional lawmaker is calling for the appointment of a special counsel to probe Wall Street's operations, as a global financial crisis apparently sparked by the U.S. mortgage meltdown continued today.

As stock prices plummeted again worldwide today and the House Oversight and Government Reform Committee began hearings this morning on the causes and effects of the Lehman Brothers bankruptcy, Rep. John Mica, R-Fla., said he planned to consult with his fellow committee members about appointing a special counsel to "investigate how we got into this financial mess," according to Reuters.

The hearings are intended to pinpoint what regulatory changes are needed to prevent another such… Continue reading...

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Title: U.S. Lawmaker Suggests Special Counsel Probe of Wall Street Operations



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