Where was Congressman's Henry Waxman's Oversight Committee during all this turmoil?

[HT:TS]
The Oversight and Government Reform Committee of the House of Representatives is now grilling financial company executives this week as part of an investigation of financial industry practices. One wonders what the committee, under its Chairman, Henry Waxman (D-California) has been up to during the last year or so when all signs indicated there were serious problems brewing.
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