iOS app Android app

Phil Angelides
GET UPDATES FROM Phil Angelides
 

Entries by Phil Angelides

On the 5th Anniversary of the Financial Crisis, 5 Critical Must Do's -- No. 1

(4) Comments | Posted September 19, 2013 | 12:35 PM

On this day five years ago, Secretary of the Treasury Henry Paulson officially unveiled the $700 billion Troubled Asset Relief Program (TARP). The program, originally intended to purchase toxic assets from banks, was initially used to inject capital into nine big financial institutions -- Bank of America, Citigroup, JP Morgan...

Read Post

On the 5th Anniversary of the Financial Crisis, 5 Critical Must-Do's -- No. 2

(0) Comments | Posted September 16, 2013 | 9:23 PM

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...

Read Post

On the 5th Anniversary of the Financial Crisis, 5 Critical Must-Do's -- No. 3

(0) Comments | Posted September 13, 2013 | 9:16 PM

Five years ago today, the nation plummeted into financial panic as Lehman Brothers filed for bankruptcy and other major financial institutions teetered on the edge of collapse. September 14th and September 15th of 2008 presaged a sweeping and massive bailout of Wall Street and a downward spiral that would leave...

Read Post

On the 5th Anniversary of the Financial Crisis, 5 Critical Must-Do's -- No. 4

(1) Comments | Posted September 12, 2013 | 8:58 PM

Five years ago this week, the financial system came unhinged due to years of recklessness on Wall Street and regulatory neglect in Washington. The American people paid a terrible price - persistent and widespread unemployment, millions of foreclosures, and household wealth and retirement savings wiped away. Yet, little, if anything,...

Read Post

On the 5th Anniversary of the Financial Crisis, 5 Critical Must-Do's -- No. 5

(0) Comments | Posted September 9, 2013 | 9:08 PM

Five years ago this week, the financial system unraveled due to recklessness on Wall Street and regulatory failures in Washington. The American people paid a terrible price -- persistent and widespread unemployment, millions of foreclosures, and household wealth and retirement savings wiped away. Yet little, if anything, has changed on...

Read Post

The Unrepentant and Unreformed Bankers

(192) Comments | Posted August 20, 2012 | 8:45 AM

This article first appeared 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...

Read Post

Pay No Attention to That Man Behind the Curtain

(45) Comments | Posted May 21, 2012 | 8:43 AM

Co-written by Bart Dzivi

Jamie Dimon was hailed as the wizard of Wall Street. Until the revelation of JPMorgan Chase's disastrous derivatives bet, he was the man who supposedly could do no wrong. He had sailed through the storms of the worst financial crisis in eight decades,...

Read Post

Hold Banks to Account for Their Role in Crisis

(190) Comments | Posted September 12, 2011 | 5:02 PM

This article originally appeared in The Sacramento Bee on September 11, 2011.

Three years ago this week, the financial system came unhinged. In rapid-fire succession, one major financial institution after another crumpled as years of recklessness on Wall Street and regulatory neglect in Washington took their toll. Before...

Read Post

On the Anniversary of Dodd-Frank: Wall Street Fights Back and American Families Fight to Survive

(241) Comments | Posted July 21, 2011 | 3:36 PM

Three years ago this summer, the flood tide of Wall Street recklessness began to overtop the weakened levees of restraint erected decades ago to protect our nation from financial disaster. By the fall of 2008, the economy was drowning in a sea of recession, with businesses shuttered and struggling, millions...

Read Post

Topic #1 for the Upcoming White House Jobs Summit: How to Keep Clean Energy Jobs Here at Home

(4) Comments | Posted November 16, 2009 | 4:58 PM

In times like these, with unemployment at its highest rate in more than a quarter century, President Obama's announcement that the White House will hold a jobs summit in December is welcome news. The nation's focus must be on the critical issue of job creation.

A topic that should be...

Read Post

Let's Launch a Clean Energy Apollo Project

(18) Comments | Posted July 20, 2009 | 6:20 PM

The Apollo Alliance was launched in 2003 with the idea that we need a new Apollo mission that, similar to the Apollo moon landing, will restore America's technological leadership in the world and speak directly to the core values we share as Americans: our can-do spirit, our inherent optimism, and...

Read Post

Manufacturing America's Clean Energy Future

(30) Comments | Posted June 8, 2009 | 11:15 PM

President Obama and the Congress have made tremendous strides over the last four months to speed the transition to a clean energy economy. The economic recovery package enacted in February and the appropriations bill approved in March invest more than $100 billion to scale up wind, solar, clean fuels, next...

Read Post

California Voters Don't Want Dire Cuts; They Want Leaders to Get It Right

(129) Comments | Posted May 21, 2009 | 9:55 PM

Devastating cuts to schools and colleges. Aid to people with disabilities slashed. Thousands of firefighters and police officers cut loose. Gov. Arnold Schwarzenegger threatened these dire consequences if the voters turned their backs on his special-election ballot measures. With the decisive defeat of Propositions 1A through 1E on Tuesday, he...

Read Post

Golden State Blues

(97) Comments | Posted May 7, 2009 | 9:49 PM

Just over three months into the presidency of Barack Obama, the mood of the country has shifted dramatically from the deep pessimism that pervaded the nation at the turn of the year. More Americans now believe that the country is heading in the right direction than in the wrong direction...

Read Post

Quit Bailing. Start Building.

(32) Comments | Posted November 14, 2008 | 9:16 AM

When it comes to America's financial crisis, there's plenty of blame to go around. You don't have to dig far into the toxic sludge of bad credit, soaring deficits, fiscal mismanagement, and deregulation to see that all of it blends together to form a really big mess. And, you don't...

Read Post

Arnold Proves He's a Bush Republican

(4) Comments | Posted May 31, 2005 | 2:23 AM

Governor Arnold Schwarzenegger has just returned from a national fundraising tour, collecting money from wealthy Republican donors for his initiatives that he hopes to place before California voters in a November special election. As he left for his trip, his chief political consultant, Mike Murphy, predicted great success in what...

Read Post