Phil Angelides, former chairman of the Financial Crisis Inquiry Commission (FCIC), issued a statement on Sept. 15 applauding a letter sent by Sen. Elizabeth Warren (D-Massachusetts) to the Inspector General's office of the Department of Justice (DOJ), asking for an investigation into referrals by the FCIC of individuals and companies that have to date produced no prosecutions.
Angelides said, "I applaud Senator Warren for her action today calling on the Department of Justice Office of the Inspector General to conduct a thorough review of the Department of Justice's response to the referrals made by the Financial Crisis Inquiry Commission of potential lawbreaking uncovered during the FCIC's investigation into the 2008 financial crisis."
He added, "I also commend Senator Warren for requesting that the FBI [Federal Bureau of Investigation] release any and all materials related to the FBI's investigations regarding these referrals."
A Sept. 15 press release issued by Sen. Warren's office said, "The senator's letter [to DOJ IG] provides details of the FCIC's referrals and the alleged misconduct by these nine individuals and 14 firms, and calls for an IG investigation of DOJ actions taken in response to the FCIC referrals."
Warren also wrote to FBI Director James Comey to request that the FBI release its materials related to the investigations and prosecutorial decisions of the companies and individuals named in the FCIC referrals.
Warren's press release noted that the FBI set a new standard for transparency when it...