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
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SACRAMENTO BEE | Five Sweeping Reforms Needed to Prevent Another Financial Crash
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
On the 5th Anniversary of the Financial Crisis, 5 Critical Must Do’s – No. 2
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
TVO | Phil Angelides: Fighting Financial Fraud
December 7, 2013 – Phil Angelides tells Steve Paikin why no one has been prosecuted for involvement in the 2008 financial crisis. 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
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
Phil Angelides 