Statement by Phil Angelides Chairman of the Financial Crisis Inquiry Commission (2009-2011) Re: “Was This Whistle-Blower Muzzled?” On Sunday, September 22, The New York Times printed “Was This Whistle-Blower Muzzled?”, an article by William Cohan alleging that the Financial Crisis Inquiry Commission (FCIC) caved in to pressure from Citigroup and suppressed allegations about Citigroup’s misconduct … Continue reading
Posted in September 2013 …
SACRAMENTO BEE | Five Sweeping Reforms Needed to Prevent Another Financial Crash
September 21, 2013 — By Phil Angelides, Special to the Sacramento Bee. Five years ago this week, the nation’s financial system unraveled due to recklessness on Wall Street and regulatory failure in Washington. The fallout from the financial crisis cost millions of Americans their jobs, homes and life savings, and resulted in deep and lasting damage to … Continue reading
BNN | Looking Back and Beyond the Financial Crisis with Phil Angelides
September 19, 2013 — Howard Green of Business News Network’s Headline interviews Phil Angelides on the 5th anniversary of the financial crisis. During the segments, Mr. Angelides lays out critical must do’s to prevent another crisis and to remake our financial system and economy to serve all Americans, not just powerful. Segment 1 | Segment 2 | Segment 3
On the 5th Anniversary of the Financial Crisis, 5 Critical Must Do’s – No. 1
On this day five years ago, Secretary of the Treasury Henry Paulson officially unveiled the $700 billion Troubled Asset Relief Program (TARP). The program, originally intended to purchase toxic assets from banks, was initially used to inject capital into nine big financial institutions – Bank of America, Citigroup, JP Morgan Chase, Wells Fargo, Goldman Sachs, … Continue reading
On the 5th Anniversary of the Financial Crisis, 5 Critical Must Do’s – No. 2
Five years ago today, financial contagion and panic spread as investors withdrew hundreds of billions of dollars from money market funds and as insurance giant AIG, brought down by its disastrous credit default swap and securities lending bets, was rescued with a taxpayer bailout of $85 billion – a bailout that would eventually grow to … Continue reading
On the 5th Anniversary of the Financial Crisis, 5 Critical Must Do’s – No. 3
Five years ago today, the nation plummeted into financial panic as Lehman Brothers filed for bankruptcy and other major financial institutions teetered on the edge of collapse. September 14th and September 15th of 2008 presaged a sweeping and massive bailout of Wall Street and a downward spiral that would leave our country economically wounded for … Continue reading
KPCC | Phil Angelides looks back at the economic collapse of 2008
September 12, 2013 — Alex Cohen of Take Two on KPCC interviews Phil Angelides, who headed the government’s Financial Crisis Inquiry Commission. He was the man charged with investigating the cause of that ensuing financial crisis. He joins the show to talk about the fifth anniversary of the financial crisis and how we got to where … Continue reading
On the 5th Anniversary of the Financial Crisis, 5 Critical Must Do’s – No. 4
Five years ago this week, the financial system came unhinged due to years of recklessness on Wall Street and regulatory neglect in Washington. The American people paid a terrible price – persistent and widespread unemployment, millions of foreclosures, and household wealth and retirement savings wiped away. Yet, little, if anything, has changed on Wall Street … Continue reading
SACRAMENTO BEE | Angelides Endorses Yellen for Federal Reserve Chair
September 10, 2013 — Dale Kalser of the Sacramento Bee reports: Former State Treasurer Phil Angelides, the Sacramentan who led the official government inquiry into the 2008 financial market crash, on Monday endorsed fellow Californian Janet Yellen to become the next chair of the Federal Reserve Board. Angelides, a Sacramento developer and one-time Democratic nominee for … Continue reading
CNBC | Angelides on the 5th Anniversary of the Crisis and the Fed Chair
Scott Wapner and Michelle Caruso-Cabrera of CNBC’s Closing Bell interview Phil Angelides on the 5th Anniversary of the financial crisis and discuss his thoughts on the selection of the next Chair of the Federal Reserve (Janet Yellen vs. Larry Summers). Click here to watch.
Phil Angelides 