The Financial Crisis Inquiry Commission, the bipartisan group looking into causes of the credit crisis, on Thursday said former Bear Stearns Cos. Chief Executive Jimmy Cayne and former Treasury Secretary Henry Paulson will testify at a hearing next week.
The commission, led by California politician Phil Angelides, will hold a hearing about what it calls America's "shadow banking system" on Wednesday and Thursday.
The 10-member panel was assembled by Congress last year to find the root of the banking system's meltdown, and has already interviewed dozens of financial players and pored over thousands of documents.
Cayne, who led Bear Stearns as cracks in the housing market began to obliterate its mortgage-backed securities positions, will be joined by its former chief executive, Alan Schwartz, former Chief Financial Officer Samuel Molinaro and former President and Co-Chief Operating Officer Warren Spector.
The panel will also hear testimony from current and former government officials, including Treasury Secretary Timothy Geithner. Others include former Securities and Exchange Commission head Christopher Cox and his predecessor, William Donaldson.
GE Capital's chairman and chief executive, Michael Neal, is also scheduled to testify during the two-day hearing.
