[cripplecreek]

Angelides is one that hasn’t gotten near enough attention. Even Glenn Beck missed but I noticed him while digging for info Glenn mentioned.

Chairman of both the far left Apollo Alliance and the FCIC.

[cashless]

Apollo huh? This web of deceit has the same rich leftists and socialists pulling the strings and making the huge paydays. I hope Issa makes Chris Dodd, Bwarney Frank, and Maxine Waters testify under oath. They were the Congressional enablers of this entire fiasco.

[muleskinner]

Phil Angelides has been a California-based left-wing democrat hack since Reagan was Governor of California. He's been showing up on all the left leaning talk shows for the last 30 years for democrat damage control.

Looks like Obama used him for same.

[Col. Bob]

Angeledis leaves out the government’s role in creating this crisis. That aspect is glaringly absent in his article and his Report. Certainly there was plenty of blame to go around for this crisis in both the public and the private sector. I doubt that it would have ever happened if the Clinton administration had not put the Community Reinvestment Act on steroids.

In the administration’s rush to make home ownership affordable to everyone, regardless of their clients inability to pay, these sub prime mortgages still proved to be unaffordable.

Angeledis was also the Secretary of the California Treasury when this was going on, as Rick Sperry pointed out in his book, “The Great American Bank Robbery.” He stated, “Angeledis steered billions of dollars in state funds to CRA friendly banks that loaded up with subprime and other risky investments. Then he sank billions more into subprime securites backed by Freddie Mac.He also urged the state’s two biggest pension funds - the California Public Employees Retirement System and the CaliforniaTeachers retirement system - to invest more in the state’s urban communities.” California took a bath suffering huge losses as a result of Angeledis advice. But then he seemed to have escaped blame by leaving office in 2007, the year the crisis broke.

Angeledis white washed report and his article are examples of revisionist history at its worst.