We believe that the Valukas report cries out for an immediate Congressional investigation. As we did with A.I.G., we demand the release of the e-mails and internal documents from the New York Fed and Lehman executives.
It's been eighteen months since AIG collapsed, and Congress has yet to seriously focus on the most important questions: What did they know and when did they know it?
I'd date the end of trust from March 14. That's because every key player in Washington involved with the bailouts knew the AIG bonuses were coming down the pike but none dared tell the public.
Main Street is absolutely flabbergasted that bankers do not understand the core issues of this bonus question. Allow me to clearly outline the problem and propose a solution.
Credit default swaps are not insurance. If you buy fire insurance on your home, you must own the house. If you buy credit protection on the United States, however, you do not need to own U.S. Treasury bonds.
HuffPost Editor Roy Sekoff appeared on "The Ed Show" Thursday evening to weigh in on today's college protests against funding cuts. Sekoff argued t...
If Warren Buffett has an opinion on what needs to be included in the current health care bill, he should either say so or not comment at all.
The European Union is shocked -- shocked I tell you! -- that Greece used financial engineering to qualify for admission. Exactly how did they think that weaker countries managed to meet the requirements?
Here's the deal. Hedge funds are betting the Euro will crash against major currencies. The "short-Euro" trade, however lucrative to the gods of Greenwich, raises scary questions with one thing in common.
A recent statement by Corzine, labeling Goldman an industry leader, speaks volumes about how Americans feel about our financial institutions. No, Governor Corzine, its not about envy. Its about character.
So, Mr. Bernanke and President Obama, put the money where it should be, in the hands of people who will build businesses, hire people, and build the economy.
Right now, Greece and European markets continue to shudder from Goldman's 'contribution' to their economy. Deals that helped Greece avoid some painful fiscal truths were hidden from public view.
Last week, President Obama described Goldman Sachs CEO Lloyd Blankfein as a savvy businessman. It's worth examining more closely some of the ways in which Blankfein was "savvy."
Buying a five year naked CDS is like buying life insurance on a stranger. It is not legal for individuals and should be treated similarly for companies.
Big firms wield so much influence that they can manipulate the outcome of their trades.
There is no way that Congress can understand the AIG bailout without carefully scrutinizing the decision making process behind these specific ratings and subsequent downgrades.