How the Angelides Commission can crack open the Wall Street scandal—if it dares.

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If the Angelides commission issues subpoenas to investigate these five questions and promises to set these documents before the public, we will know it is for real and will serve a genuine public purpose. Populist anger is no better a policy guide than libertarian rhetoric. Only hard facts—facts that this commission can gather—will permit the debate to move beyond either one.

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