LA TIMES | U.S. selling its remaining stake in AIG

December 11, 2012 – By Jim Puzzanghera, Los Angeles Times The U.S. Treasury said it is selling the rest of its stake in American International Group Inc., in effect closing the books on one of the biggest and most reviled bailouts of the financial crisis that engulfed the world four years ago. The sale of … Continue reading →

BLOOMBERG | Angelides on N.Y.’s Lawsuit Against Credit Suisse

November 28, 2012 – Phil Angelides, former chairman of the Financial Crisis Inquiry Commission, talks about a lawsuit brought by New York Attorney General Eric Schneiderman accusing Credit Suisse Group AG for deceiving investors in mortgage-backed securities that were sold before the financial crisis. Angelides, speaking with Mark Crumpton on Bloomberg Television’s “Bottom Line,” also … Continue reading →

Statement Regarding the Mortgage Securities Fraud Lawsuit Filed Today Against Credit Suisse by New York Attorney General Schneiderman

Statement by Phil Angelides, Chairman of the Financial Crisis Inquiry Commission (2009-2011) Regarding the Mortgage Securities Fraud Lawsuit Filed Today Against Credit Suisse by New York Attorney General Schneiderman “Today’s lawsuit by New York Attorney General Eric Schneiderman alleging fraud at Credit Suisse represents an important action in the ongoing effort to hold financial wrongdoers accountable … Continue reading →

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 →

CNBC | Angelides Gets Tough on Wall Street Execs

September 26, 2012  – It’s been four years since the financial crisis exploded, and Phil Angelides, former chairman of the Financial Crisis Inquiry Commission explains why he thinks Wall Street executives are not being criminally investigated and prosecuted enough for their role in the disaster on Closing Bell with Maria Bartiromo. Click here to watch.