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Lessons Learned: Phil Angelides

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Abstract

Phil Angelides chaired the Financial Crisis Inquiry Commission (FCIC) established by Congress in the aftermath of the global financial crisis of 2007-09 with the purpose of understanding what precipitated the crisis so that any future crises might be averted. The 10-member bipartisan commission, known as the "Angelides Commission" after its chair, convened in September 2010. Meeting in a span of 15 months and holding 19 public hearings and interviewing more than 700 people, the commission submitted its findings in January 2011. The commission concluded that the crisis was avoidable, the "result of human actions, inactions, and misjudgments." The report included dissenting views from four members, one of whom issued an independent dissent. This "Lessons Learned" is based on an interview with Mr. Angelides.

Suggested Citation

  • Ward, Sandra, 2020. "Lessons Learned: Phil Angelides," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 2(4), pages 36-39, April.
    • Handle: RePEc:ysm:ypfsfc:2422
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1125&context=journal-of-financial-crises
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    Keywords

    financial crisis inquiry commission; chairman; regulatory agencies; financial institutions; wall street;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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