Tagged with Fraud

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

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

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.  

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

FOX BUSINESS | Are Bankers Acting Like Mobsters?

August 24, 2012 — Financial Crisis Inquiry Chairman Phil Angelides is interviewed by Liz Claman on Fox Business “Countdown to the Closing Bell” regarding the need for banks that commit wrongdoing to pay the price. Watch here.