Phil Angelides

Breaking the Code of Omertà at Goldman Sachs

Joseph A. Palermo | Posted 05.19.2012

Read More: JP Morgan Chase, Citigroup, President Obama, Banks, Enron, Mafia, Bankers, Phil Angelides, New York Mayor Michael Bloomberg, Occupy Wall Street, Greg Smith, Dodd-Frank, Ed DeMarco, Omertà, Goldman Sachs, Wall Street, Worldcom, Rico, La Cosa Nostra, Mafiosi, Greg Smith Goldman Sachs, Lloyd Blankfein, Michael Bloomberg, Banking, Business News
Joseph A. Palermo

Greg Smith violated the ancient code of all mafia organizations: he spilled the game to the public. His former colleagues at Goldman Sachs no doubt now see him as a "rat."

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Look Who Hopes To Turn A Profit From The Wrecked Housing Market

Reuters | Posted 03.14.2012

Read More: Bloomberg, Video, Pimco, Wall Street, Motgages, Financial Crisis Inquiry Commission, Reuters, The Federal Housing Finance Agency, TriArchic Advisors, Mortgage Crisis, Mortgage Resolution Partners, Phil Angelides, Investors, Business News

* Gordian Sword: "We just might do a good thing for America" * Jan. letter says success of firm rests on "secret formula" ...

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Hold Banks to Account for Their Role in Crisis

Phil Angelides | Posted 11.12.2011

Read More: Financial Crisis, Global Financial Crisis, Wall Street Crisis, Wall Street, Financial Regulation, Financial Reform, Phil Angelides, Business News
Phil Angelides

Three years after Wall Street came unhinged, there has been too little progress made in fixing our financial system so that it works for all Americans, not just the titans of finance, and there have been few consequences for those who drove our economy over the cliff.

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Jason Linkins

Financial Crisis Inquiry Commission Report Creeping Onto Best-Seller Lists

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011

Read More: Bestsellers, Financial Crisis Inquiry Commission, Financial Crisis, Eat the Press, Phil Angelides, Business News

It sounds pretty good to me that people are taking an interest in the commission's findings. If you'd like some recommendations for further reading on the subject, here are a few recommendations.

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The Wall Street Empire Strikes Back

Richard (RJ) Eskow | Posted 05.25.2011

Read More: American Enterprise Institute, Ronald Reagan, Fcic Report, Fcic, Financial Crisis Inquiry Commission, Deregulation, Julian Assange, Phil Angelides, Bank Fraud, Politics News
Richard (RJ) Eskow

The Financial Crisis Inquiry Commission just released its report, and it's already under attack by the Four Horsemen of the Economic Apocalypse: the Ideologue, the Lobbyist, the Think-Tanker, and the Politician.

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The 10 Major Conclusions Of The Financial Crisis Commission

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: Mortgages, Lenders, Credit Rating Agencies, Financial Crisis Inquiry Commission, Financial Reform, Fcic, Borrowers, Financial Crisis, Phil Angelides, Financial Regulation, Business News

In a report released today, the Financial Crisis Inquiry Commission found that "reckless" Wall Street firms, an abundance of cheap credit and "weak" f...

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Shahien Nasiripour

Financial Crisis Panel May Recommend Wall Street Prosecutions

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Financial Crisis Prosecutions, Fcic, Phil Angelides, Financial Reform, Financial Crisis Inquiry Commission, Business News

The bipartisan panel appointed by Congress to investigate the financial crisis has concluded that several financial industry figures appear to have br...

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Dictionary, Please: Wall Street's Wallison Doubles Down on Doublespeak

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Peter J. Wallison, Financial Crisis Inquiry Commission, Fcic, Deregulation, Phil Angelides, New Pecora Commission, Fcic-Report, Shadow Banking, Politics News
Richard (RJ) Eskow

The Republicans on the Financial Crisis Inquiry Commission tried to undermine that group's work by attempting to ban phrases like "Wall Street" from its final report. Now they are trying to explain away their behavior.

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The Soviet GOP: There's Something Red About This Whitewash

Rob Warmowski | Posted 05.25.2011

Read More: Wall Street, Financial Crisis Inquiry Commission, New Pecora Commission, The Financial Fix, Fcic, Shadow Banking, Bill Thomas, Business News, Deregulation, Phil Angelides, Brooksley Born, Financial Crisis, Politics News
Rob Warmowski

Some younger readers might need a refresher course in the workings of a thing called the Soviet Union. Republican apologists for Wall Street are doing their best to provide one.

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Shahien Nasiripour

Financial Crisis Panel In Turmoil As Republicans Defect; Plan To Blame Government For Crisis

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: The Financial Fix, Wall Street, New Pecora Commission, Bill Thomas, Financial Crisis Inquiry Commission, Deregulation, Financial Crisis, Shadow Banking, Fcic, Phil Angelides, Brooksley Born, Business News

The four Republicans appointed to the commission investigating the root causes of the financial crisis plan to bypass the bipartisan panel and release...

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Shahien Nasiripour

FCIC Delays Report Despite Republican Opposition, Citing 'Very Powerful Interests' Seeking To Undermine Investigations

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Fcic Keith Johnson, Fcic Mortgage Putbacks, Financial Crisis Inquiry Commission, Fraudclosure, Mortgage Putbacks, Fcic, Fcic Delays Report, Keith Johnson, Fcic Report, Fcic Clayton Holdings, Richard Bowen, Fcic Richard Bowen, Phil Angelides, Clayton Holdings, Mortgage Fraud, Foreclosure Fraud, Business News

The bipartisan panel created to investigate the roots of the financial crisis voted Wednesday to delay the Dec. 15 publication of their report despite...

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CA State Debt TRIPLES Under Schwarzenegger

California Watch | Louis Freedberg | Posted 05.25.2011

Read More: California Debt, California Debt Crisis, Arnold Schwarzenegger, Phil Angelides, California State Budget, Los Angeles News

This story comes courtesy of California Watch. By Louis Freedberg Despite Gov. Arnold Schwarzenegger's promises to reduce California's indebtedness,...

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Shahien Nasiripour

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Keith Johnson, The Financial Fix, Financial Crisis Inquiry Commission, Mortgage Crisis, Bank of America, Fcic, Fitch Ratings, Securitization, Deutsche Bank, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Freddie Mac, Wall Street, Subprime Mortgage Crisis, Clayton-Holdings, Guy Cecala, Business News, Financial Crisis, Global Financial Crisis, Phil Angelides, Clayton Holdings, Citigroup, Video, Business News

When the former president and chief operating officer of Wall Street's foremost mortgage-loan due diligence firm testified under oath before a federal...

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Shahien Nasiripour

New Proof Wall Street Knew Its Mortgage Securities Were Bad

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: The Financial Fix, Financial Crisis Inquiry Commission, Bank of America, Mortgage Crisis, Fcic, Deutsche Bank, Securitization, JPMorgan Chase, Goldman Sachs, Freddie Mac, Morgan Stanley, Wall Street, Subprime Mortgage Crisis, Guy Cecala, Financial Crisis, Global Financial Crisis, Clayton Holdings, Phil Angelides, Citigroup, Business News

During a little-noticed hearing this week in Sacramento, Calif., a firm hired by Wall Street to analyze mortgages given to borrowers with poor credit,...

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Shahien Nasiripour

Two Top Investigators Leave Financial Crisis Commission

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: The Financial Fix, Brad Bondi, New Pecora Commission, Financial Crisis Inquiry Commission, Pecora Commission, Matthew Cooper, Fcic, Financial Crisis Commission, Bill Thomas, Financial Crisis, Global Financial Crisis, Bradley Bondi, Phil Angelides, Business News

Two senior staffers have quietly left the Financial Crisis Inquiry Commission, a panel working under a tight deadline that has been dogged by rumors o...

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FCIC Threatens Goldman With Derivatives Audit

DailyFinance | MELLY ALAZRAKI | Posted 05.25.2011

Read More: Goldman Sachs, Goldman Sachs Abacus, Financial Crisis Inquiry Commission, Derivatives, Goldman Sachs Settlement, Credit Insurance, Aig, Sec, Financial TImes, Fcic, Phil Angelides, Business News

While Goldman Sachs (GS) has settled Securities and Exchange Commission civil fraud charges over its Abacus synthetic collateralized debt obligation t...

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Shahien Nasiripour

Hank Paulson's Wall Street Reform Proposals Stronger Than Pending Senate Bill

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Hank Paulson, The Financial Fix, Financial Reform, Financial Crisis Inquiry Commission, Wall Street Reform, Henry Paulson, Financial Crisis, Fcic, Phil Angelides, Video, Business News

Former Treasury Secretary Henry Paulson outlined a number of "suggestions" Thursday to fix the nation's broken financial system and the outdated regul...

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Shahien Nasiripour

Discussing Oversight Failures, Federal Financial Regulators Do Little To Inspire Confidence

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Bear Stearns, The Financial Fix, Financial Crisis Inquiry Commission, Financial Reform, Christopher Cox, Fcic, Investment Banks, William Donaldson, Financial Crisis, Sec, Shadow Banking, Phil Angelides, Securities and Exchange Commission, Business News

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

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Shahien Nasiripour

Bear Stearns Execs Blame Outsiders For Firm's Failure

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Bear Stearns, The Financial Fix, Financial Crisis Inquiry Commission, Financial Crisis, Bear Stearns Collapse, Fcic, Phil Angelides, Business News

Pressed to admit that Bear Stearns's over-leveraged, subprime-fueled nature was responsible for the failed investment bank's eventual demise, three to...

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Shahien Nasiripour

Financial Crisis Commission Hearing UPDATES: Bear Stearns, SEC Officials Grilled

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis Commission, Alan Schwartz, Derivatives, Bear Stearns, Fcic, Jimmy Cayne, Phil Angelides, Slidepollajax, Business News

We've compiled breaking updates of the Financial Crisis Inquiry Commission's hearing today on "the shadow banking system." Today's testimony includes...

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Shahien Nasiripour

Ex-Bear Stearns Chief Splits With Wall Street, Endorses Regulating Derivatives

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Bear Stears, The Financial Fix, Wall Street, Financial Reform, Derivatives Reform, Financial Crisis, Alan Schartz, Fcic, Jimmy Cayne, Phil Angelides, Business News

The former chief executive officer of failed investment bank Bear Stearns endorsed Congress's push to mandate federal re-regulation of derivatives. ...

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Shahien Nasiripour

Former Bear Stearns Chiefs, Ignoring Firm's Faults, Blame Collapse On 'Unjustified', 'Irrational', 'Unfounded' 'Rumors' And 'Speculation'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: The Financial Fix, Financial Crisis Inquiry Commission, Financial Reform, Fcic, Bear Stearns Bailout, Alan Schwartz, Financial Crisis, Bear Stearns, Bear Stearns Collapse, Jimmy Cayne, Phil Angelides, Video, Business News

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 ...

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The Lying Liars at Goldman Sachs

Zach Carter | Posted 05.25.2011

Read More: Goldman Sachs, David Viniar, Aig, Financial Crisis Inquiry Commission, Fcic, Derivatives, Phil Angelides, Brooksley Born, Business News
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.

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Shahien Nasiripour

Goldman Sachs 'Most Aggressive' In Demanding Cash From AIG

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Goldman Sachs, Aig, Derivatives, Credit Default Swaps, Wall Street Bailout, AIG Bailout, Backdoor Bailout, New York Fed, Timothy Geithner, Joseph Cassano, Fcic, Financial Crisis Inquiry Commission, New Pecora Commission, Phil Angelides, Business News

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...

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The Highlights and Lowlights of the Financial Crisis Hearings

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011

Read More: Lloyd Blankfein, Goldman Sachs, William Black, Lehman Brothers, Bill Thomas, Financial Crisis Inquiry Commission, Permanent-Subcommittee-on-Investigations, Richard Fuld, Fannie Mae, Alan Greenspan, Phil Angelides, Slidepollajax, Brooksley Born, Citigroup, Business News

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

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