The Financial Crisis Inquiry Commission’s Final Report: Five years ago this week, the Financial Crisis Inquiry Commission (FCIC), which conducted the nation’s official inquiry into the causes of the financial and economic crisis of 2008, made public the results of its investigation. On January 27, 2011, the FCIC presented its final report to the President … Continue reading
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Was This Whistle-Blower Muzzled?
Statement by Phil Angelides Chairman of the Financial Crisis Inquiry Commission (2009-2011) Re: “Was This Whistle-Blower Muzzled?” On Sunday, September 22, The New York Times printed “Was This Whistle-Blower Muzzled?”, an article by William Cohan alleging that the Financial Crisis Inquiry Commission (FCIC) caved in to pressure from Citigroup and suppressed allegations about Citigroup’s misconduct … Continue reading
CNBC | Angelides on the 5th Anniversary of the Crisis and the Fed Chair
Scott Wapner and Michelle Caruso-Cabrera of CNBC’s Closing Bell interview Phil Angelides on the 5th Anniversary of the financial crisis and discuss his thoughts on the selection of the next Chair of the Federal Reserve (Janet Yellen vs. Larry Summers). Click here to watch.
FRONTLINE PBS | The Untouchables – Phil Angelides: Enforcement of Wall Street is “Woefully Broken”
January 22, 2013 – FRONTLINE presents The Untouchables and investigates why Wall Street’s leaders have escaped prosecution for any fraud related to the sale of bad mortgages in their feature. Phil Angelides was chairman of the Financial Crisis Inquiry Commission, which was created by Congress in 2009 to investigate the causes of the crisis. In its report, … Continue reading
CURRENT TV | Will the JPMorgan fraud lawsuit be the first of many on Wall Street?
October 9, 2012 — Phil Angelides, former chairman of the Financial Crisis Inquiry Commission, delves into the fraud lawsuit being brought against JPMorgan with “Viewpoint” host Eliot Spitzer. New York Attorney General Eric Schneiderman has brought the case, which alleges that Bear Stearns — purchased by JPMorgan in 2008 — deceived investors when it sold … Continue reading
SAN FRANCISCO CHRONICLE | The Unrepentant and Unreformed Bankers
August 18, 2012 – Op-Ed by Phil Angelides featured in the San Francisco Chronicle. Money laundering. Price fixing. Bid rigging. Securities fraud. Talking about the mob? No, unfortunately. Wall Street. These days, the business sections of newspapers read like rap sheets. GE Capital, JPMorgan Chase, UBS, Wells Fargo and Bank of America tied to a … Continue reading
REUTERS | Big Banks should be shrunk and broken up – here’s why and how
REUTERS Big Banks Should – And Can – Be Shrunk If Needed, Experts Say June 12, 2012 – By Stuart Gittleman, Guest Contributor NEW YORK, June 12 (Thomson Reuters Accelus) – A need to break up big banks is one of the several lessons policy makers should have learned from the financial crisis that have either … Continue reading
BLOOMBERG TV | Break Up the `Too Big’ Banks, Angelides Says
May 31, 2012 – Phil Angelides, former chairman of the Financial Crisis Inquiry Commission, talks about regulation of the U.S. financial industry, the Volcker rule and Dodd-Frank Act. He speaks with Mark Crumpton on Bloomberg Television’s “Bottom Line.” Video streaming by Ustream
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