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Blankfein Reveals Big Regret

Reuters | Posted 01.23.2014 | Business

By Lauren Tara LaCapra NEW YORK, Nov 12 (Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said on Tuesday that he r...

Mark Gongloff

Weapons Of Mass Destruction Return To Wall Street | Mark Gongloff | Posted 03.21.2013 | Business

Japan swore off nuclear weapons for generations after the bombings of Hiroshima and Nagasaki. Wall Street's memory vis-a-vis weapons of mass destructi...

How to Build a Sustainable Economy; Not Another Bubble

John Friedman | Posted 04.27.2013 | Impact
John Friedman

As a society we are the more than willing victims who love the adrenalin rush that comes with watching the Dow rise, or our home assessments go up, or our portfolios expand but then turn around and blame our predators when we get caught.

Is Wall Street's Business Model Corrupt?

Les Leopold | Posted 04.14.2013 | Business
Les Leopold

When what you do is make money from money, it seems as if breaking or avoiding laws and rules create victimless crimes. It's all a big game, where each person is trying to out-hustle the other. It's him or me so what does it matter if we both cheat a bit?

Finally, One Tiny Financial Crisis Arrest

The Huffington Post | Mark Gongloff | Posted 09.27.2012 | Business

Thing One: Scapegoat Snagged: It appears we may have at long last found a patsy for the financial crisis. Kareem Serageldin, former head of structu...

Wall Street Executive Escapes Financial Crisis Charges

Reuters | Posted 09.30.2012 | Business

By Grant McCool NEW YORK, July 31 (Reuters) - A former Citigroup Inc manager was found not liable on Tuesday of civil charges of mis...

Magnetar's Rap Sheet

ProPublica | Cora Currier | Posted 05.17.2012 | Business

The hedge fund Magnetar helped create billions of dollars' worth of risky deals called collateralized debt obligations, many of which failed spectacul...

D.M. Levine

An FDA for Wall Street's Risky Business | D.M. Levine | Posted 02.14.2012 | Business

Are exotic financial derivatives as risky as untested prescription drugs? Two University of Chicago economists say possibly. As noted by economist Ste...

BofA Arm Loses Big In Customer Lawsuit

Reuters | Posted 04.02.2012 | Business

(Adds details) By Suzanne Barlyn Feb 1 - Bank of America Corp's Merrill Lynch unit must pay nearly $1.4 million in dama...

Bond Trader Prosecutions Too Little, Four Years Too Late

Mark Gongloff | Posted 04.02.2012 | Business
Mark Gongloff

Four years ago, Barack Obama was not yet even the Democratic nominee for president. Today he's running for reelection, and his Justice Department is expected to bring criminal charges against some former Credit Suisse traders for fraud they allegedly committed four years ago. We can hope this is the only the beginning of an aggressive new campaign to root out the malfeasance that helped bring down the financial system, but for now it feels like too little, four years too late.

Alexander Eichler

Report Highlights Legality Of Lehman Brothers 'Gut Feeling' Business | Alexander Eichler | Posted 12.09.2011 | Business

In the years leading up to its collapse, Lehman Brothers nearly doubled its risk and took a scattershot approach to valuing its assets, according to a...

Is Wall Street the Enemy of the People?

Monika Mitchell | Posted 12.17.2011 | Business
Monika Mitchell

There is something new going on in this millennium, something really exciting. A shift in the way we think from an exclusive sense of "what's in it for me?" to an inclusive sense of "what kind of world are we co-creating?"

SEC Widens Probe Into Mortgage Bond Deals That Ushered Crisis

Posted 11.15.2011 | Business

The U.S. securities regulator is widening its probe into mortgage-bond deals that ushered in the financial crisis, and is pushing for a settlement of ...

Maxwell Strachan

Bailed-Out AIG Now Says It Was Victim Of Wall Street's Worst Behaviors | Maxwell Strachan | Posted 06.29.2011 | Business

Two and a half years after first being bailed out by the federal government, insurance giant AIG has officially begun to place blame on companies it a...

Taxpayers Could Share In Two Huge Lawsuits Filed By AIG

Posted 06.28.2011 | Business

WILMINGTON, Delaware: American International Group Inc, sued two money management firms on Thursday in a fight to recoup billions of dollars the baile...

Shahien Nasiripour

Goldman Sachs Ripped Off And Misled Clients, Senate Report Says | Shahien Nasiripour | Posted 06.15.2011 | Business

Goldman Sachs, the nation's fifth-largest bank by assets, systematically misled clients, sold them financial instruments it knew to be junk, bet again...

Senate Panel Slams Goldman Sachs

Reuters | Kevin Drawbaugh | Posted 06.13.2011 | Business

April 14, 2011 12:38:56 AM By Kevin Drawbaugh WASHINGTON (Reuters) - In the most damning official U.S. report yet produced on Wall Street's role...

Wall Street Robber Baron Nets $2.4 Million an Hour While 28 Million Need Jobs

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Yes, there is a connection between the hedge fund manager's magnificent 2010 haul and our 29 million unemployed. But it's not just John Paulson. It's the entire class of financial billionaires and their junior wannabes.

Legerdemath: Tricks of the Banking Trade

Omer Rosen | Posted 05.25.2011 | Business
Omer Rosen

I'd just turned 20 when I began a three-year stint on Citigroup's corporate-derivatives team. I had no work experience to speak of. As my boss said after my interview, I was "f***ing unpolished."

CHART: How Banks Bought Their Own Mortgage Securities During The Boom

Posted 05.25.2011 | Business

If you're in the market for a detailed, if byzantine, explanation of how banks ended up repackaging and buying their own own securities during the hou...

Beyond Left And Right: Arianna And Mike Huckabee On Fox News (VIDEO)

Huff TV | Posted 05.25.2011 | Politics
Huff TV

Arianna visited Mike Huckabee's eponymous show this weekend, finding plenty of common ground with the Fox News host and former Republican governor fro...

Nate C. Hindman

Obscure Reform Provision Could Put Goldman's 'Fabulous Fab' In Jeopardy | Nate C. Hindman | Posted 05.25.2011 | Business

Accused of helping Goldman Sachs commit securities fraud, but left off the firm's $550 million settlement with the SEC, the "fabulous Fab" might be of...

Kolchinsky vs Moody's: the Perils of Whistle Blowing

Charles H. Green | Posted 05.25.2011 | Business
Charles H. Green

There's a new whistle blower in town, and he deserves a look-see. Hhis name is Ilya Eric Kolchinsky, and the company he's blowing the whistle on is his former employer, Moody's Investors Service.

When Hedge Fund Managers Talk, Andrew Ross Sorkin Transcribes, Uncritically

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

You can't buy the kind of free publicity extended by today's New York Times, which quotes extensively from Daniel Loeb's political rant in, "Why Wall St. Is Deserting Obama," a 1,200-word piece devoid of critical analysis.

Weekly Audit: Why Do Deficit Hawks Hate Social Security?

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

by Zach Carter, Media Consortium blogger Last week, Social Security advocates learned something they had long suspected. Arguments for cutting Social ...