We are seeing United States initiative for investigations regarding the causes of the recent crisis. We have been discussing, reading about these since 2007 but the commission has put them in a more organized structure under 22 headings ranged from credit rating agencies, global imbalances, corporate governance, derivatives to securitisation.
On the positive side:
1. US determination to lead the exit is persistent
2. A rich mix will be available in hearings from head of top investment banks to regulators and independent experts.
On the question mark side:
Will it cause high public expectations or indifference?
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