The Financial Crisis Inquiry Commission was created by the Fraud Enforcement and Recovery Act of 2009. It's purpose being to "examine the causes, domestic and global, of the current financial and economic crisis in the United States. " The membership of the bi-partisan Commission consists of 10 prominent private citizens with significant experience in banking, market regulation, taxation, finance, economics, housing, and consumer protection. The FCIC is charged with conducting a comprehensive examination of 22 specific and substantive areas of inquiry related to the financial crisis.
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