https://www.wsj.com/articles/pelosis-latest-partisan-commission-11614795409?mod=opinion_lead_pos7
Yes, history repeats itself, especially when it is made by the same person, for the same reason, and with the same vehicle. Unlike the 9/11 Commission, which was praised for its bipartisanship, House Speaker Nancy Pelosi’s proposed commission to review the Jan. 6 attack on the Capitol will mirror the unbalanced Financial Crisis Inquiry Commission she set up after the 2008 financial crisis, and will be a failure for the same reasons.
In the election following the financial crisis, the Democrats won overwhelming control of Congress and the White House. President Obama’s chief of staff, Rahm Emanuel, said that “you never let a serious crisis go to waste,” and many on the left realized this was an opportunity to increase regulation and government control of the financial system. There was at least one other plausible cause for the crisis: government housing policies, pursued by the government-backed corporations Fannie Mae and Freddie Mac and strongly supported by congressional Democrats. By 2008 these trillion-dollar institutions were bankrupt and had fostered the creation of a massive housing bubble consisting of at least 31 million subprime and other risky mortgages worth $5.3 trillion. It seemed reasonable to suppose that when the bubble collapsed, the failure of these mortgages had brought the whole financial system down.
Yet if the speaker’s study had concluded that the financial crisis was caused, even in part, by those subprime mortgages, that would have weakened support for more regulation of the financial system. So the commission was set up with six Democrats and four Republicans. That would assure that the commission would place the blame for the financial crisis on insufficient regulation and not interfere with the enactment of legislation—later called the Dodd-Frank Act of 2010—that the speaker and other Democratic lawmakers had in mind.