Waxman Wants to Work
Give credit to Rep. Henry Waxman, who thinks Congress shouldn't respond to a crisis by enacting a law and leaving town to campaign. As chair of the House Oversight Committee, Waxman would like to provide some oversight right now.
Rep. Waxman is racing the clock as many congressional leaders will have left town to campaign for reelection. “This financial crisis has shaken the global economy,” he said last week when announcing five hearings. “Congress cannot wait until a new administration arrives in January to examine what went wrong and who should be held accountable.”
Among those scheduled to testify: SEC Chairman Christopher Cox, Lehman Brothers Holdings chairman Richard Fuld, and former executives of AIG.
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