No amount of partisan political assaults can undo the facts laid bare by the commission.
Letter to the Editor of the Wall Street Journal, submitted by Phil Angelides on March 2, 2021
Your editorial “Pelosi’s Capitol Riot Commission” (Feb. 25) inaccurately characterizes the work and impact of the Financial Crisis Inquiry Commission. The commission’s final report detailed the recklessness of Wall Street and the abject failures of policy makers and regulators that led to the 2008 financial meltdown which cost millions of people their jobs and homes, devastated communities across the nation and stripped trillions of dollars of wealth from hard-working families. In the 10 years since its release, the accuracy and facts of the commission’s report have gone unchallenged. It stands today as the definitive history of the financial crisis and a stark reminder of the events and decisions that led to disaster. No amount of partisan political assaults can undo the facts laid bare by the commission.
Phil Angelides
Chairman, Financial Crisis Inquiry Commission (2009-11)
Sacramento, Calif.
Appeared in the March 3, 2021, print edition as ‘2008 Financial Meltdown Report Set the Standard.’
Phil Angelides 