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Liar's Loans

Jonathan Greenspan | Posted 09.19.2012 | Business
Jonathan Greenspan

A great lie is repeated as the cause of our current economic crisis, and it prevents us from dealing with reality.

Where Are the Prosecutions? SEC Lets Citi Execs Go Free After $40 Billion Subprime Lie

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

What is the penalty for bankers who tell $40 billion lies? Somewhere between nothing and a rounding-error on your bonus.

Liar's Loans

Christopher Carduff | Posted 09.18.2012 | Business
Christopher Carduff

A great lie is repeated as the cause of our current economic crisis, and it prevents us from dealing with reality.

Liveblogging the Financial Hearings: The Prince and the King

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Here in the Rayburn building Robert Rubin, the onetime King of American financial policy, is lecturing the Financial Commission on what he believes are the causes of the financial crisis.

Notes on the FCIC Hearings

Mike Konczal | Posted 05.25.2011 | Business
Mike Konczal

So what did we learn from the FCIC hearings? Over the course of two days we learned that the largest bank CEOs don't feel a conflict between their underwriting and their trading process.

Angelides Commission Staff Announced Before Probe Into 2008 Meltdown

Los Angeles Times | Michael Hiltzik | Posted 05.25.2011 | Politics

The Angelides commission, convened by Congress to investigate the financial meltdown of 2008, today announced a passel of "senior staff" appointments....

FCIC Hearings Must Shatter the 'Sociopathic Nature' of Wall Street

Rob Johnson | Posted 05.25.2011 | Business
Rob Johnson

The sociopathic nature of Wall Street -- a culture in which people see their actions as disassociated from the rest of the economy and society -- has to be shattered.

FCIC Set To Question Bank CEOs In Search For 'Accountablility' In Financial Crisis

NPR | John Ydstie | Posted 05.25.2011 | Business

Top executives from four of the biggest banks that got federal bailouts are likely to face tough questions Wednesday from a commission charged by Cong...

Is The Angelides Commission The New Pecora Commission?

LA Times | Michael Hiltzik | Posted 05.25.2011 | Business

With the appointment today of the 10 members of a congressional commission to investigate the financial meltdown, many people are hoping that the spir...

New Pecora Commission Will Leave No Stone Unturned

CNN Money | Corey Boles | Posted 05.25.2011 | Business

WASHINGTON -(Dow Jones)- Phil Angelides, the chairman of the newly formed Financial Crisis Commission, pledged Wednesday to leave no stone unturned a...

Angelides Named Head Of Financial Probe

New York Times | STEPHEN LABATON | Posted 05.25.2011 | Business

WASHINGTON -- Congressional Democrats announced on Wednesday that Phil Angelides, a former California treasurer, would lead a commission to examine th...

The Nation: New Pecora Commission Vital

The Nation | Christopher Hayes | Posted 05.25.2011 | Business

If there's one thing that everyone seems to agree on, it's that the current financial crisis is complicated. There's two problems with this. First, it...