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Financial Crisis Inquiry Commission


And so it goes. Here's a sample of the choicest statements from President Barack Obama, Health & Human Services secretary Kathleen Sebelius, Democrat Congressman Barney Frank, former U.S. Treasury Secretary Henry Paulson, bank chief executives, and Federal Reserve chairmen Ben Bernanke and Alan Greenspan. Find the mea culpas if you can.President Barack ObamaAfter millions of people are seeing their health insurance plans cancelled because they don't meet the health reform law's standards, New York Magazine compiled a clip of the president saying 23 times variations of "if you like your health insurance plan, you can keep your plan,"Including:"That means that no matter how we reform health care, we will keep this promise to the American people: If you like your doctor, you will be able to keep your doctor, period. If you like your health-care plan,   you'll be able to keep your health-care plan, period. No one will take it away, no matter what."-- June 15, 2009"And if you like your insu...

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  1. U.S. Governments to Sue S&P Over Ratings

    Standard & Poor's Ratings Services will face civil charges related to the firm's actions leading up to the financial crisis of 2008.Citing people familiar with the m...

  2. U.S., States Likely to File Civil Charges Against S&P

    The Justice Department and state prosecutors intend to file civil charges alleging wrongdoing by Standard & Poor's Ratings Services in its rating of mortgage bonds b...

  3. AIG Thanks America, But Investors Not Thankful Yet

    American International Group  (NYSE:AIG) debuted a new ad campaign today, "Thank You, America," showing its gratitude to taxpayers for its $182.3 billion bailout in ...

  4. Would Reaching The Fiscal Cliff Benefit The White House Agenda?

    American Enterprise Institute Senior Fellow Peter Wallison on the fiscal cliff negotiations.

  5. Ex-S&P Credit Chief Says Crisis Cost Up To $15 Trillion

    Mark Adelson has a new mission.The former chief credit officer of Standard & Poor's, whose guidance helped set the stage for the unprecedented downgrade of U.S. debt...

  6. Are Bankers Acting Like Mobsters?

    Financial Crisis Inquiry Chairman Phil Angelides on the need for banks that commit wrongdoing to pay the price.

  7. Microsoft Adds Former Symantec CEO to Board

    Microsoft (NASDAQ:MSFT) has added Virtual Instruments CEO and former IBM (NYSE:IBM) and Symantec (NASDAQ:SYMC) executive, John Thompson, to its board of high-profile...

  8. Are Fannie, Freddie Responsible for Housing Collapse?

    American Enterprise Institute Senior Fellow Peter Wallison on Fannie Mae and Freddie Mac’s role in the collapse of the housing market.

  9. SEC Files Fraud Charges Against Former Fannie, Freddie Execs.

    Financial Crisis Inquiry Commission Chairman Phil Angelides on the need to reduce Fannie Mae and Freddie Mac’s role in the housing market.

  10. Why Wall Street Protestors Should Target DC, Not Wall Street

    American Enterprise Institute Senior Fellow Peter Wallison on why the ‘Occupy Wall Street’ protestors should be protesting the government and not Wall Street banks.

  11. Should the Government Get Out of the Housing Market?

    American Enterprise Institute Senior Fellow Peter Wallison on why the government should gradually get out of the housing market.

  12. Few Consequences for Wall Street From Economic Downturn?

    Financial Crisis Inquiry Commission Chairman Phil Angelides argues U.S. banks have suffered few consequences from the financial crisis and economic recession and increased regulations.

  1. Complex Economics or Class Warfare?

    Five years ago a financial cataclysm plunged the U.S. and global economies into the Great Recession. During the years since, there has been a directed repetition of ...

  2. Buffett's Berkshire Sells 1.75 Million Moody's Shares -Filing

    Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) sold 1.75 million shares of Moody's Corp. (MCO), reducing its stake in the ratings firm by about 6.1% as the st...

  3. Bank of America CEO, ex-CEO must face mortgage disclosures lawsuit

    A federal judge has revived a securities fraud lawsuit accusing Bank of America Corp Chief Executive Brian Moynihan, his predecessor Kenneth Lewis, and others of mis...

  4. Paulson Seeks to Dismiss Investment Suit

    Paulson & Co. asked a state-court judge in New York to throw out a lawsuit accusing the hedge-fund firm of conspiring with Goldman Sachs Group Inc. (GS) to get an in...

  5. Merrill wins dismissal of CDO lawsuit by South Korea's Woori

    A U.S. judge threw out a lawsuit from South Korea's Woori Bank accusing Bank of America Corp's Merrill Lynch unit of misleading investors about the riskiness of coll...

  6. Ratings Companies to Blame in Mortgage Meltdown ?

    Former Federal Prosecutor Fred Tecce on the Department of Justice’s lawsuit against S&P.

  7. U.S. Unveils Civil Charges Against S&P

    Citing "egregious" conduct he said contributed directly to the worst financial crisis since the Great Depression, U.S. Attorney General Eric Holder on Tuesday announ...

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