Financial Fraud Prosecutions Sacrificed in Favor of Hit Jobs on Political Enemies

By: Tuesday September 4, 2012 1:20 pm

Talking Points Memo picks up on Eric Schneiderman’s investigation of Bain Capital’s tax avoidance strategies, and asks a couple questions about why the New York Attorney General is probing something clearly within the purview of the IRS.

Angelides: Why No Prosecutions From Clayton Holdings Data?

By: Friday March 2, 2012 9:55 am

I want to turn back to Phil Angelides’ op-ed in the New York Times this morning, because in addition to making the case for bank accountability as a deterrent to future crimes, he says that the relevant authorities have had smoking gun evidence in their hands for two years.

Financial Crisis Commission Referred Criminal Securities Fraud Violations to Justice Department a Year Ago

By: Monday January 30, 2012 12:40 pm

Douglas Holtz-Eakin, a Republican commissioner on the FCIC who did not sign onto the final report, made some statement to the media about how the FCIC already investigated the areas of inquiry concerning the crash of the housing bubble and found no criminal wrongdoing. But the Chair of the FCIC, Phil Angelides points to the FCIC’s report noting there were criminal referrals, and that was a year ago.

Brooksley Born of the FCIC: “We May Well Still Be in a Financial Crisis”

By: Thursday January 27, 2011 5:45 pm

In a sometimes contentious call, Financial Crisis Inquiry Commission representatives Phil Angelides and Brooksley Born acknowledged that we might still be in a financial crisis, and that their report should not be seen as the last word on an event that still has the capacity to significantly damage the global economy.

Liveblog: FCIC Report Release – “None of What Happened Was an Act of God”

By: Thursday January 27, 2011 7:32 am

Angelides: there’s much anger in this country about what’s transpired. Many looked to this commission for answers. We kept these people in mind as we completed our work. There has been no shortage of debate over the bailout and too big to fail. But our mission was to figure out the origins. How did it come to pass that we were forced to choose between two stark and painful alternatives? Rescue the banks or let them crash? None of what happened was an act of God.

FCIC: Financial Crisis Was Avoidable

By: Wednesday January 26, 2011 5:45 pm

The Financial Crisis Inquiry Commission report is sure to provide a powerful reinforcement to the growing lack of faith in elites and especially the financial industry. Because they will outline, in painstaking detail, how the financial meltdown of 2008 was completely avoidable – the result of policy failure at the highest levels of government and Wall Street, failures that bordered on criminal and that have never been fully adjudicated.

FCIC Will Refer Report to Authorities for Potential Criminal Prosecution

By: Tuesday January 25, 2011 4:00 pm

Shahien Nasiripour reports that the Financial Crisis Inquiry Commission will forward multiple individuals responsible for the financial meltdown to state and local authorities for potential criminal prosecution, in accord with the imminent release of their report. If we wanted to understand why Republicans on the commission suddenly begged off the report a month or so ago, this could be the reason.

Volcker Blasts Banksters, Financial System in Impromptu Speech at Chicago Fed

By: Friday September 24, 2010 3:45 pm

Paul Volcker has gravitas. And in his advanced age, he’s using it to rip the banksters a new one. Now you will never hear from these whiners that Paul Volcker is anti-business; they would rather deflect that over to Obama. But it’s Volcker, and certainly not Obama, making the most direct critiques of the crime spree they call their business practices.

FCIC Subpoenas Moody’s for Documents

By: Wednesday April 21, 2010 3:10 pm

It’s entirely possible that some of this is kabuki, that in the end the banksters will win out. Indeed, the Gregg-Reed derivatives package could ultimately trump Lincoln’s stronger bill. But for the moment, you get the sense that there’s a turning of the tide in Washington, and everyone’s riding the populist wave.

New Allegations Emerge of Widespread Fraud, Forgery in Foreclosure Documents

By: Tuesday April 6, 2010 4:40 pm

U.S. Attorney’s Office for the Middle District of Florida has launched an investigation into alleged fabrication of mortgage transfer documents presented during foreclosures. But there’s more — some documents may also have forged signatures.

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