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Phil Angelides

Shahien Nasiripour

Discussing Oversight Failures, Federal Financial Regulators Do Little To Inspire Confidence | Shahien Nasiripour | Posted 05.25.2011 | Business

Former top officials at the Securities and Exchange Commission did little Wednesday to affect the overall perception that the agency failed in its mis...

Shahien Nasiripour

Former Bear Stearns Chiefs, Ignoring Firm's Faults, Blame Collapse On 'Unjustified', 'Irrational', 'Unfounded' 'Rumors' And 'Speculation' | Shahien Nasiripour | Posted 05.25.2011 | Business

The former chiefs of failed investment bank Bear Stearns plan to tell an investigative panel Wednesday that the firm's demise was due to nothing more ...

The Lying Liars at Goldman Sachs

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Goldman Sachs sent its second-highest-ranking officer to to tell the FCIC that his company is staffed by complete idiots. David Viniar claimed that his company just doesn't know how to do basic bookkeeping.

Shahien Nasiripour

Goldman Sachs 'Most Aggressive' In Demanding Cash From AIG | Shahien Nasiripour | Posted 05.25.2011 | Business

Goldman Sachs was the "most aggressive" financial firm to demand cash from AIG on what it viewed as souring deals during the financial crisis, the hea...

The Highlights and Lowlights of the Financial Crisis Hearings

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Over the last year and a half, Congressional committees and bipartisan panels like the Financial Crisis Inquiry Comission (FCIC) charged with investig...

John Dugan: Why It's So Hard to Hold Wall Street Accountable

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

In John Dugan's warped history of the past decade, both he and the banks he regulates never really did anything wrong.

Shahien Nasiripour

Financial Crisis Commission Questions Former Citigroup Chiefs Robert Rubin, Chuck Prince (LIVEBLOG, VIDEO) | Shahien Nasiripour | Posted 05.25.2011 | Business

(We'll be running a live blog of the testimony at the Financial Crisis Inquiry Commission's latest round of hearings in Washington, D.C. Former Federa...

Shahien Nasiripour

Citi 'Negative' On Subprime Mortgages As Early As 2006, Yet Firm Continued To Pump Out Subprime Mortgage Products (VIDEO) | Shahien Nasiripour | Posted 05.25.2011 | Business

A top Citigroup official testified Wednesday that the firm was reducing its risk to subprime mortgage products as early as 2006, fully expecting housi...

Is Greenspan Kidding? He Was "Right 70%" of the Time?

Tom Matzzie | Posted 05.25.2011 | Business
Tom Matzzie

Imagine if airline pilots only landed 70 percent of airplanes, crossing guards only protected 70 percent of students or if your bank only honored 70 percent of your checks. It would be a public scandal.

In the Dark: A Good Prosecutor Would've Pinned Greenspan Down

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The American people deserve a prosecutor to get to the bottom of this financial mess. They need someone who will hold the Alan Greenspans of the world accountable.

Alan Greenspan: As Unrepentant as Ever

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

Like George W. Bush's claim that "everyone" got it wrong about the intelligence showing that Iraq had stockpiles of WMD, Alan Greenspan is still trying to convince us that "everyone" got the housing bubble wrong too.

Citigroup Eyed By Financial Crisis Commission | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

But there is one small question, not so obvious, that has been crying out for an answer for years, and it has nothing to do with exoticisms like C.D.O...

Financial Crisis Inquiry Commission Divided, Unfocused, Slow

New York Times | SEWELL CHAN and ERIC DASH | Posted 05.25.2011 | Business

The panel established by Congress to investigate the causes of the financial crisis has been hobbled by delays and internal disagreements and a lack o...

Congress's FCIC Nearly Nailed Former Citigroup Executives to the Wall -- Then Blew It

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Chairman Angelides was apparently unaware that Citigroup had reason to be deeply alarmed by the events that caused the Bear Stearns hedge funds to implode.

Will Warren Buffett Speak Out on Worthless Ratings Agencies?

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

If Buffett really levels with Phil Angelides today, he'll say there's no reason to have rating agencies and given the weight of his words, that could be the final nail in the coffin of this scam of a business.

Shahien Nasiripour

FCIC Testimony: Credit Rating Agency Execs Say They Couldn't Say No To Wall Street, Buffett Testifies | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE: 5:45 PM - Moody's Former Execs: Firm Lusted After Profits More former top executives at Moody's Investors Service testified Wednesday that a ...

Shahien Nasiripour

Financial Crisis Panel To Hold Hearings Next Week; Greenspan, Citigroup Execs To Be Grilled | Shahien Nasiripour | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Alan Greenspan headlines a cast of witnesses to be questioned next week by the panel investigating the roots of the fi...

The Most Embarrassing Political Open-Mic Gaffes (VIDEO)

The Huffington Post | Jeremy Binckes | Posted 05.25.2011 | Politics

It was the f-bomb heard around the world. Vice President Joe Biden made headlines this week when he was overheard telling President Obama that the pa...

Could Newsom Become the Phil Angelides of 2010?

Paul Hogarth | Posted 05.25.2011 | Los Angeles
Paul Hogarth

Mayor Gavin Newsom has entered the race for Lieutenant Governor, a job he ridiculed while running for Governor -- and his supporters include San Franciscans who figure it's an opportunity to get rid of him.

Arianna, Phil Angelides Discuss Financial Reform Legislation With Dylan Ratigan (VIDEO)

Huff TV | Posted 05.25.2011 | Business
Huff TV

Arianna appeared on Dylan Ratigan's MSNBC show this afternoon, all with Phil Angelides, the chair of the Financial Crisis Commission, to discuss wheth...

Shahien Nasiripour

Senators Target Wall Street, With Goldman Sachs In Mind | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE : May 10, 2010 -- Senators Carl Levin (D-Mich.) and Jeff Merkley (D-Ore.) will offer their bill to restrict the trading activities of big banks...

Shahien Nasiripour

Lively Debate, Hard Truths Emerge During Debate On Financial Crisis | Shahien Nasiripour | Posted 05.25.2011 | Business

Some of the country's top financial scholars met over the weekend with the panel charged with investigating the causes of the financial crisis. What f...

Shahien Nasiripour

Financial Crisis Investigators Looking At Wall Street | Shahien Nasiripour | Posted 05.25.2011 | Business

Investigators for the commission created to examine the causes of the financial crisis have begun their probe of Goldman Sachs and other Wall Street b...

The Biggest Spending Race In America Is Underway! (Well, Sort Of)

William Bradley | Posted 05.25.2011 | Politics
William Bradley

With billionaire Meg Whitman spending like a Russian oligarch, it's inevitable that the race for California governor will be the most expensive in the country.

Financial Crisis Commission: | NYT | Posted 05.25.2011 | Business

The commission must uncover what bankers, investors, government officials and other people in positions of power, past and present, would prefer not t...