December 11, 2012 – By Jim Puzzanghera, Los Angeles Times The U.S. Treasury said it is selling the rest of its stake in American International Group Inc., in effect closing the books on one of the biggest and most reviled bailouts of the financial crisis that engulfed the world four years ago. The sale of … Continue reading
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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
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.
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
BLOOMBERG | Regulators Ignoring Dodd-Frank Rules That Allow Them to Break Up Big Banks
Bloomberg Brief (July 27, 2012) Phil Angelides, president of Riverview Capital Investments and the former chairman of the congressionally appointed Financial Crisis Inquiry Commission, tells Dana Wilkie of Bloomberg that regulators are ignoring Dodd-Frank provisions that give them power to break up the nation’s largest banks. Q: Why do you want regulators to break up … Continue reading
EIN NEWS | Break Up The Banks
Break Up The Banks July 16, 2012 – By Joe Rothstein, Editor, EINNEWS.com ”I find myself increasingly seeing the wisdom of Thomas Jefferson’s statement in 1816 that, “banking establishments are more dangerous than standing armies.” The speaker was Phil Angelides, longtime California business leader, former state treasurer and chair of the bipartisan commission set up … Continue reading
FTC WATCH | Angelides Urges Breaking Up the Big Banks
June 24, 2012 – Phil Angelides, the former chairman of the Financial Crisis Inquiry Commission that Congress and the President created to investigate the causes of the devastating financial crisis, has a bold prescription to ensure we never suffer through such a calamitous downturn again: launch a new era of trust-busting and break up the country’s … 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
Phil Angelides 