Financial Regulatory Forum

Digging begins in U.S. probe of financial crisis

September 17, 2009

California Gubernatorial candidate Phil Angelides attends the memorial service for the five firefighters of Engine 57 who died fighting the Esperanza Fire, in Glen Helen, California, November 5, 2006. Mark Loutzenhiser, Jess McLean, Jason McKay, Daniel Hoover-Najera and Pablo Cerda died when their engine was overrun by flames while they were protecting a home in the San Jacinto Mountains on October 26. REUTERS/Lucy Nicholson (UNITED STATES)    By Kevin Drawbaugh
   WASHINGTON, Sept 17 (Reuters) – A U.S. financial crisis fact-finding panel will hold its first meeting on Thursday, in what may be the Obama administration’s best hope of reinvigorating a push for tougher financial regulation. (more…)

INTERVIEW-Head of U.S. financial-crisis probe wants answers, not “circus”

By Reuters Staff
September 8, 2009

Former California state treasurer Phil Angelides, who heads a U.S. commission looking into the cause of the financial crisis, is seen in a photo taken during an unsuccessful run for California governor in 2006.  By Susan Cornwell
WASHINGTON, Sept 8 (Reuters) – Phil Angelides thinks his commission has a tale to tell, but it’s not the kind of history that should be allowed to repeat itself.The Financial Crisis Inquiry Commission this month will begin probing how the U.S. financial system came perilously close to collapse in the fall of 2008, leading to the worst economic downturn since the Great Depression.