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McHenry Statement on FCIC Report

Statement

Date: Jan. 27, 2011
Issues: Finance and Banking

Congressman Patrick McHenry (NC-10), Chairman of the Oversight Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, issued the following remarks today regarding the Financial Crisis Inquiry Commission majority and minority reports:

"The Financial Crisis Inquiry Commission has been likened to the 1930's investigation led by Ferdinand Pecora. However, this is no Pecora. Pecora resulted in a unified report with a unified narrative. The FCIC has fallen well short of unity.

"The fact that three differing opinions have emerged from a body of only ten commissioners brings into question the objectivity of the majority report. The subcommittee I lead intends to review these efforts and the process from which they resulted."


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