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Web Letter

I sincerely wish Phil Angelides great success in this endeavour, but the likelihood of any such endeavour meeting with success, when headed by a member of the California Democratic Party machine, is not promising. I'll grant that Mr. Angelides is somewhat less worse than average (certainly far superior to yuppie "New Democrat" Steve Westly, whom he narrowly defeated in the 2006 gubernatorial primary), but this is one of the most poorly governed states in the Union, and while its fashionable for Bay Area liberals to place all the blame for that on the Schwarzenegger administration, the truth is a far more complex and bipartisan reality.

Kevin Riley O'Keeffe

San Jose, CA

Jul 23 2009 - 10:23am

Web Letter

Mr. Greider is not usually so Pollyanna in his assesments. This is just a bunch of finance-oriented politicians who are charged with investigating a bunch of politically oriented financiers. It will begin looking like an ice cream sundae and wind up being a sticky, gooey mess on the floor.

Ivan Hentschel

Cedar Creek, TX

Jul 21 2009 - 12:56pm

Web Letter

Americans better hope and pray that Angelides and the Financial Crisis Inquiry Commission get to the roots of our economic crisis. Given the predisposition of Congress and the White House to ignore, obfuscate, deny and lie about the causes and even the current state of our economy.

The sheer magnitude of taxpayer involvement was laid bare in Congressional testimony.

From Bloomberg: "U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program."

Michael McKinlay

Hercules, CA

Jul 21 2009 - 12:09am

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