Posted in October 2012

WALL STREET JOURNAL | Government Right in Pursuing Bear

October 18, 2012 — Letter to the Editor of the Wall Street Journal by Phil Angelides — Your Oct. 8 editorial “Biting the Bank That Saved You” misses the mark in criticizing the lawsuit alleging mortgage securities fraud brought by New York Attorney General Eric Schneiderman against J.P. Morgan. That action rightly seeks redress for allegedly improper … Continue reading

CNBC | Which Candidate Can Fix Our Debt?

October 16, 2012 — Do either President Obama or Governor Mitt Romney have a plan to bend the curve and reduce U.S. debt? Phil Angelides, Former California State Treasurer, and David Walker, Comeback America Initiative founder, president & CEO, weigh in with Maria Bartiromo and Carl Quintanilla on CNBC. Click here to watch.

BLOOMBERG | Angelides on U.S. Tax Code, Presidential Election

October 10, 2012 — Phil Angelides, former chairman of the Financial Crisis Inquiry Commission, talks about the outlook for the U.S. presidential election, proposed tax and entitlement changes and the economy. He talks with Alix Steel on Bloomberg Television’s “In the Loop.”  Watch here.

BBC NEWS | JP Morgan sued for $20bn

October 3, 2012 — JP Morgan is being sued for $20bn for knowingly selling investments backed by risky mortgages that were likely to lose money. The loans were actually sold by Bear Stearns in 2006 and 2007 before JP Morgan bought the company. Phil Angelides, chair of the US government’s Financial Crisis Inquiry Commission (FCIC), told … Continue reading

Angelides Statement Regarding the Mortgage Securities Fraud Lawsuit Filed Today by New York Attorney General Schneiderman

“Today’s legal action by New York Attorney General Eric Schneiderman alleging fraud at Bear Stearns is an important step forward in holding financial wrongdoers accountable and in deterring future wrongdoing. As the lawsuit indicates, the official report of the Financial Crisis Inquiry Commission contained detailed evidence on the improper conduct of Wall Street in the … Continue reading