House hearing on mortgage and credit turmoil

Today, the House Financial Services Committee is holding a hearing entitled "Recent Events in the Credit and Financial Markets and Possible Implications for U.S. Consumers and the Global Economy." I guess you don't need me to elaborate on the issues being discussed with a name like that!

Anyway, if you want to read statements from some of the officials testifying at the hearing, you can click through to the following links:

* Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation
* John C. Dugan, Comptroller of the Currency
* Robert K. Steel, Under Secretary for Domestic Finance, U.S. Department of the Treasury

For some more perspective on the hearing, see this story from Bloomberg.