Wall Street investigators name witnesses for Sacramento hearing
September 20, 2010
• Last public meeting before reporting to President and Congress
• Held a similar meeting in Bakersfield
The Financial Crisis Inquiry Commission – which is trying to get to the bottom of the Wall Street crash and subsequent Great Recession – holds its last major public hearing Thursday in Sacramento.
The panel will hear testimony about the Sacramento housing and mortgage markets and the impact of the financial crisis on the region; mortgage origination, mortgage fraud and predatory lending in the Sacramento region; the mortgage securitization chain from Sacramento to Wall Street; and the impact of the financial crisis on Sacramento neighborhoods and families.
The witnesses announced for the field hearing are:
• Mark Fleming, chief economist, CoreLogic Inc.
• Karen Mann, president and chief appraiser, Mann and Associates Real Estate Appraisers & Consultants
• Thomas Putnam, president, Putnam Housing Finance Consulting
• Kevin Stein, associate director, California Reinvestment Coalition
• Benjamin Wagner, U.S. Attorney, Eastern District of California
• Vicki Beal, senior vice president, transaction management, Clayton Holdings LLC
• Kurt Eggert, professor of law, Chapman University School of Law
• Keith Johnson, former president and chief executive officer of Washington Mutual’s Long Beach Mortgage
• Pam Canada, chief executive officer, NeighborWorks Home Ownership Center, Sacramento
• Mona Tawatao, regional counsel, Legal Services of Northern California
• Bruce Wagstaff, agency administrator, County of Sacramento Countywide Services Agency
• Clarence Williams, president, California Capital Financial Development Corporation
• Henry Wirz, president and chief executive officer,
SAFE Credit Union
When: Thursday, Sept. 23 at 9:00 a.m.
Where: California Department of Education, 1430 N Street, Board Room, 1st Floor Sacramento.
Webcast live at: FCIC.gov
The bi-partisan 10-member Financial Crisis Inquiry Commission was created by Congress and is charged with examining the causes of the financial meltdown. It is also examining causes of the collapse of major financial institutions that failed or would likely have failed had they not received exceptional government assistance. As part of its inquiry, the Commission has held a series of public hearings throughout the year including, but not limited to, the following topics: complex financial derivatives, credit rating agencies, government-sponsored enterprises, the shadow banking system, subprime lending practices and securitization, and too big to fail.