Tagged with Wall Street

LA TIMES | U.S. selling its remaining stake in AIG

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

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

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