Heads Of Financial Crisis Commission Call Wall Street Bonuses Unjustifiable, Vow To Investigate (EXCLUSIVE)

The chair and vice chair of the federal commission charged with investigating the causes of the financial crisis had harsh words on Tuesday for the Wall Street banks that are preparing to grant their executives enormous bonuses. And they said that the huge profits some banks have made as a direct result of a massive infusion of taxpayer funds are going to be part of the panel’s investigation.

“This dichotomy of record profits and bonuses on Wall Street while you have real unemployment of 15 percent-plus in this country is very striking,” Financial Crisis Inquiry Commission Chairman Phil Angelides said during a visit to The Huffington Post’s Washington bureau. “Our primary mission is not to re-litigate TARP, but I do think in examining the crisis it’s legitimate to look at where things stand today, and we’re going to do that.”

Angelides, a Democrat and former California state treasurer, and the commission’s vice chair, former longtime Republican Congressman Bill Thomas, said the commission will produce a report on the causes of the crisis by next December.

Full Story Heads Of Financial Crisis Commission Call Wall Street Bonuses Unjustifiable, Vow To Investigate (EXCLUSIVE).