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A:Now we turn to the drama unfolding here in Washington.Tommorrow marks the first public meeting of what's called the financial crisis inquiry commission.A panel set up by Congress a lot like for 911 commission was to get into the bottom of last year's financial meltdown. The CEOs of the nation's biggest banks will be there just as they are about to reward their employees with what could be some record-breaking bonuses. CNBC's David Faber here in Washington to cover everything that happens tommorow with us tonight.

A:David, I heard somebody on the air they say that for the banking industry, this is like the start of the old Watergate here. Is it correct or hyperbole?

B:Well, perhaps a bit of hyperbole. It's not clearly have quite like drama or that much on line. But no doubt tommorrw when you have Lloyo Blankfe of Golden Sac, John Mack, Chairman of Morganstanley, Jamie Dimon Chairman and CEO of JPMorgan, and new CEO, Bank of America.All in front of this commission, there are going to be a lot of questions asked. It may not be quite as a combatant. Sometimes it is in front of the Congress. This commission is gonna be operating for quite some time, trying to truly get some answers as to what underpin that finacial collapse took place and followed over.

A:And who's the invesgator, who's runing things here and what will the actual outcome likely be? For taxpayers, we'd love to hear some answers.

B:Well you know, we won't know the outcome for quite some time. It's often the case for these commissions that final report is some time away, probably far away from when we of course suffered such a blow in our financial markets. It's nevertheless for Phil Angelides is running the commision for MR Treasure in California. And it has a number of significant people on, who actually will be able to understand some of the answers they're getting for the people who are asking questions too. We'll see, we may actually get some deeper understanding of exactly what went on and there may even be some long forces we think as involved as well down the road if they really do their work.

A:All right. David Faber, we'll look for your coverage of the event among us tommorrw. David, thanks for being with us tonight.