Dems: Issa Scrapped Hearing On Financial Commission Because Docs Wouldn’t Fit His Narrative

Democrats are accusing House Oversight Committee Chairman Darrell Issa (R-CA) of canceling a hearing on the Financial Crisis Inquiry Commission this week because his committee uncovered documents which wouldn’t have fit his narrative about what went wrong with the agency.

Peter Kadzick, an attorney for FCIC Chairman Phil Angelides, told TPM that Angelides arrived in D.C. on Sunday night for the Wednesday morning hearing but was told by an Issa staffer on Monday evening that “they had found some documents at the last minute that didn’t fit the narrative.”

The Democrats’ report on the committee’s investigation says that Issa’s accusations about the FCIC were “largely unsubstantiated.”

In addition, Democrats said the information uncovered by congressional investigators raises “a host of new ethical questions about Republican commissioners and staff, including evidence that they leaked confidential information to outside parties on multiple occasions.”

Jeffrey Solsby, a spokesman for Issa’s committee, told TPM and other media outlets including the Wall Street Journal, that the hearing “was postponed to allow further review and analysis of the material gathered in the investigation.” He declined further comment.

The hearing had been intended to “explore what went wrong and what Congress can learn from the experience of the FCIC as it considers how to address the root causes of the financial crisis as well as whether to create such commissions in the future,” according to a staff briefing memo obtained by TPM.

Additional reporting by Susan Crabtree.

Dear Reader,

When we asked recently what makes TPM different from other outlets, readers cited factors like honesty, curiosity, transparency, and our vibrant community. They also pointed to our ability to report on important stories and trends long before they are picked up by mainstream outlets; our ability to contextualize information within the arc of history; and our focus on the real-world consequences of the news.

Our unique approach to reporting and presenting the news, however, wouldn’t be possible without our readers’ support. That’s not just marketing speak, it’s true: our work would literally not be possible without readers deciding to become members. Not only does member support account for more than 80% of TPM’s revenue, our members have helped us build an engaged and informed community. Many of our best stories were born from reader tips and valuable member feedback.

We do what other news outlets can’t or won’t do because our members’ support gives us real independence.

If you enjoy reading TPM and value what we do, become a member today.

Latest Muckraker
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Investigations Desk:
Reporters:
Newswriters:
Director of Audience:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: