Wall Street Sold ‘Tragically Deficient’ Product, Angelides Says

From Bloomberg Businessweek by Phil Mattingly

“The notion that Wall Street was non-culpable is just ridiculous,” Phil Angelides, the chairman of the Financial Crisis Inquiry Commission, said in an interview aired yesterday on C-SPAN’s “Newsmakers” show. “Either people knew and didn’t care, or they didn’t know and they didn’t care to know.”