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
Tagged with Economy …
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
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
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
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.
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.
POLITICO | Renew Urgency on Wall Street Probe
September 24, 2012 – Op-Ed by Phil Angelides featured in the Politico. The Obama administration’s investigation of major international banks for manipulation of the “London interbank offered rate,” or Libor, has been in the headlines lately, and that’s good news. The banks’ actions have cost savers and investors dearly; shaken anew confidence in our financial … Continue reading
BLOOMBERG TV | Angelides on JPMorgan, Volcker Rule, California Economy
May 11, 2012 – Phil Angelides, former chairman of the Financial Crisis Inquiry Commission, talks about the outlook for JPMorgan Chase following the disclosure the company suffered a $2 billion trading loss and the prospects for further financial regulation. Angelides, speaking with Mark Crumpton on Bloomberg Television’s “Bottom Line,” also talks about California’s economy.
