Members of Congress are taking steps to create a commission that will investigate the near-meltdown of the nation's financial markets.
Senate Budget Committee chairman Kent Conrad and Republican congressman Johnny Isakson recently announced their legislation, which would create a seven-member panel modeled on the 9-11 Commission.
"We need to take a long hard look at how our financial system spiraled downward so far so fast. And if there was any criminal wrongdoing, people need to be held accountable," said Conrad in a statement, going on to say that the commission's final report will be used to create new rules to prevent similar financial situations in the future.
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