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
Tagged with Banks …
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
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
EIN NEWS | Break Up The Banks
Break Up The Banks July 16, 2012 – By Joe Rothstein, Editor, EINNEWS.com ”I find myself increasingly seeing the wisdom of Thomas Jefferson’s statement in 1816 that, “banking establishments are more dangerous than standing armies.” The speaker was Phil Angelides, longtime California business leader, former state treasurer and chair of the bipartisan commission set up … Continue reading
HUFFINGTON POST | Pay No Attention to That Man Behind the Curtain
May 21, 2012 – Op-Ed by Phil Angelides featured in the Huffington Post and co-authored by Bart Dzivi. Jamie Dimon was hailed as the wizard of Wall Street. Until the revelation of JPMorgan Chase’s disastrous derivatives bet, he was the man who supposedly could do no wrong. He had sailed through the storms of the worst … Continue reading
