What Is Financial Reform Really Going to Do?

Monday, May 31, 2010

A financial professional works on the floor of the New York Stock Exchange near the end of the trading day May 20, 2010 in New York City. (Getty Images)

Financial regulatory reform will likely be signed into law this summer, months before the Financial Crisis Inquiry Commission wraps up its investigation on the causes of the crisis.

It’s been a year since the government created the Financial Crisis Inquiry Commission, which is charged with getting to the bottom of what caused the financial crisis. In the public hearings the Commission has held since January, they have heard from dozens of people, from Alan Greenspan and Timothy Geithner to the executives of most of the big banks.

The next hearing is set for next week here in New York and will focus on credit ratings – one of the many issues not really addressed in pending financial reform legislation.

We speak to Commission Chairman Phil Angelides about some of the FCIC’s preliminary conclusions, and his thoughts on the pending financial regulatory reforms.


Phil Angelides

Produced by:

Samantha Fields and Charlie Herman

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.