After the 2008 economic crisis, President Obama pledged to hold banks and financial institutions more accountable and shine a light on the government agencies that regulate them, but watchdogs say a new panel created to head off another market meltdown is shrouding itself in secrecy.
The Wall Street collapse in 2008 and the ensuing financial crisis has cost the nation an estimated $12.8 trillion, according to a study released Wednesday by Better Markets, a Washington advocacy group that lobbies for financial reform and tighter regulations on Wall Street.
