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
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BLOOMBERG | Regulators Ignoring Dodd-Frank Rules That Allow Them to Break Up Big Banks
Bloomberg Brief (July 27, 2012) Phil Angelides, president of Riverview Capital Investments and the former chairman of the congressionally appointed Financial Crisis Inquiry Commission, tells Dana Wilkie of Bloomberg that regulators are ignoring Dodd-Frank provisions that give them power to break up the nation’s largest banks. Q: Why do you want regulators to break up … Continue reading
