December 15, 2010

Book deal for Financial Crisis commission report leads to heated battle between committee members

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A book deal seems about to cause a major Congressional train wreck. According to a Bloomberg News wire story, “The internal split between Republicans and Democrats on the congressionally appointed commission investigating the 2008 financial crisis is about to break into the open.”

According to the report, by Robert Schmidt and Phil Mattingly, “Republican members of the Financial Crisis Inquiry Commission are planning to register a public protest against a decision by the FCIC’s Democratic majority to push back a deadline for reporting its findings. The move is in part a reaction to a plan that would limit dissenting views to 36 pages in a 500-page book the panel is set to publish next year ….”

The story doesn’t really explain a question raised in an earlier MobyLives report about why a public document was given exclusively to an individual publisher, Public Affairs.

Nonetheless, it does note that “Republicans are angry that the commission’s six Democrats voted last month to push the delivery of the final report to January,” to “accommodate the publication.”

A Democratic spokesman “declined to comment.”

Dennis Johnson is the founder of MobyLives, and the co-founder and co-publisher of Melville House.

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