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Miami becomes ground zero in financial crisis probe

The Financial Crisis Inquiry Commission -- a bipartisan group charged with examining the causes of the financial crisis and reporting to Congress -- is coming to Miami on Tuesday. The hearing will begin at 9 a.m at Florida International University.

The hearing includes an overview of mortgage fraud, as well as a session on uncovering mortgage fraud in Miami. Speakers include Dennis J. Black, president of the D.J. Black & Company; Edward Gallagher, of the Miami-Dade police department's Mortgage Fraud Task Force; and Ellen Wilcox, special agent with the Florida Department of Law Enforcement.

A third session on regulating and prosecuting mortgage fraud in Miami will feature J. Thomas Cardwell, Commissioner of the Florida Office of Financial Regulation, State of Florida; U.S. Attorney Wilfredo A. Ferrer and Scott Palmer, special counsel and chief of the Florida Attorney General's Mortgage Fraud Task Force.

The 10-member commission was created by Congress and is charged with examining the causes of the financial meltdown. It's also examining causes of the collapse of major financial institutions that failed or would likely have failed without government help.

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