Tagged with Wall Street

5th Anniversary of the Financial Crisis Inquiry Commission’s Report

5th Anniversary of the Financial Crisis Inquiry Commission’s Report

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

BLOOMBERG | CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law

April 29, 2013 – Bloomberg’s Elliot Blair Smith reports: “Former fashion jewelry saleswoman Rebecca Gonzales and former Chief Executive Officer Ron Johnson have one thing in common: J.C. Penney Co. (JCP) no longer employs either. The similarity ends there. Johnson, 54, got a compensation package worth 1,795 times the average wage and benefits of a U.S. department store worker when … Continue reading

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