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Goldman = WorldCom = 80+ Senate Votes

Mark Green | Posted 05.25.2011 | Politics
Mark Green

As Obama today returns to Cooper Union to reprise his arguments for financial regulatory reform, we know this: whatever the ultimate legal merits of the SEC's case against Goldman Sachs, the political impact now will be a game changer.

Cheating Advice for Goldman Sachs

Jeff Kreisler | Posted 05.25.2011 | Business
Jeff Kreisler

As the trial approaches, destroy the evidence.

Real Reform Gains Traction: Lincoln Stands Firm on Derivatives Overhaul

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Almost nobody in Washington wants to be caught committing an epic sell-out to Wall Street during the final stages of the reform process, when the public is watching every move. The political momentum is with Lincoln.

Jeff Skilling, Ex-Enron CEO To Interviewer: 'Could You Buy Me A Cup Of Coffee?'

Fortune | Archelle Georgiou | Posted 05.25.2011 | Business

Ninety minutes into our meeting, Skilling lowered his eyes to the floor. "I apologize for asking," he said, embarrassment in his voice. "Could you buy...

The Real Culprits of the Euro Crisis

Joshua Rosner | Posted 05.25.2011 | Business
Joshua Rosner

So here we go again. To uncover the real culprits of the current euro crisis we first have to follow a common thread of this crisis -- government borrowers who need capital hire bankers.

The Myth of Ronald Reagan

Joan E. Dowlin | Posted 05.25.2011 | Politics
Joan E. Dowlin

A closer look at Reaganomics: One could argue that the selling of American businesses to overseas' markets began under Reagan.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Tort Reform Hypocrites: "Do As I Say, Not As I Sue"

Anthony Tarricone | Posted 05.25.2011 | Politics
Anthony Tarricone

With 40 million people uninsured and skyrocketing health care costs, the GOP concluded that trial attorneys and litigation were to blame for all of the current health care system's woes.

Alan Greenspan's Financial History for Lobotomy Victims

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

Rejecting the capitalist values of choice and personal accountability, Greenspan filters history through an intellectual construct where no one -- most notably Alan Greenspan -- ever takes the blame.

Hey California: Don't Get Fooled Again

James Boyce | Posted 05.25.2011 | Green
James Boyce

The California Manufacturers and Technology Association (CMTA) and others are using an oil industry-funded study to support their argument of the negative impacts of clean energy legislation.

Chris Dodd, Phil Gramm, and the Legacy of a Statesman

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

In the past 24 hours, Dodd appears to have been going to bat for Wall Street, not out of concern for any greater political good, but exclusively for the purpose of padding the profits of big banks.

Biggest Accounting Scandals Of All Time (PHOTOS)

Posted 05.25.2011 | Business

Got a creative impulse? Accounting may be the profession for you! As you'll see from the below collection of massive book-cooking frauds, there may...

Enron, CDOs and BP - Outsourcing Due Diligence

Gary Liberson, PhD | Posted 05.25.2011 | Politics
Gary Liberson, PhD

Enron, Collateralized Debt Obligations, and BP. From my perspective the common link is that Congress abdicated its responsibilities for oversight to organizations and agencies that were hopelessly riddled with conflicts of interest.

Goldman Is to Greece What Merrill Was to Enron

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Did big banks break the law during our recent global debt-fuelled boom? The usual answer is: no - they just took advantage of loopholes and captured ...

Weekly Audit: Will Weak Reforms Bring on Another Crisis?

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

By Zach Carter, Media Consortium blogger Senate Banking Committee Chairman Chris Dodd (D-CT) unveiled his latest financial reform proposal on Monday, ...

Lehmangate and Enron

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The latest disturbing news to crawl out from under a rock this weekend was that Lehman's used offshore accounting gimmicks to mislead the world about its financial problems.

REDD: Seeing the Forest for the Trees

Khadija Sharife | Posted 05.25.2011 | Green
Khadija Sharife

All carbon is not created equal: One ton of carbon dioxide (CO2) generated in New York from several McDonalds burgers, for instance, clocking in at 16...

An Ode to a Disappearing Texas

Vivian Norris | Posted 05.25.2011 | Politics
Vivian Norris

I left Texas, sadly, because it was changing and becoming what it has now become. But there are some great people there and they will make their voices heard...because Texans are not wimps!

Myths of Wall Street, the Sequel: Fat Finger Fandango

Jeff Schweitzer | Posted 05.25.2011 | Business
Jeff Schweitzer

Wall Street is a grand delusion that survives only because people willingly accept the false idea of a predictable future based on normal distributions that do not exist in the real world.

Lehman Bankrutpcy: 'Repo 105,' Bank's 'Accounting Gimick,' Was Like 'A Drug,' Emails Show

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

** UPDATE: Scroll down to see Dylan Ratigan's segment ** The arcane "accounting gimmick" employed by Lehman Brothers as the firm failed in 2007 and...

Top Secret: The Battle for the Pentagon Papers is Important Stage Documentary

David Finkle | Posted 05.25.2011 | Entertainment
David Finkle

The intent behind these stage documentaries is to inform. Although billed as plays, these theatrical entries aren't that. They're news reports outfitted with theatrical accoutrements.

Jason Linkins

Goldman Sachs Offers Small Business Owners Inane Advice In The New York Times | Jason Linkins | Posted 05.25.2011 | Business

If the Times truly captures the essence of the advice Goldman is able to dispense, then would-be small business owners are sure to take away some pretty sophisticated business lessons -- if, by "sophisticated," you mean "banal."

Is Meg Whitman Like Arnold Schwarzenegger? Yes (In the Wrong Ways)

William Bradley | Posted 05.25.2011 | Los Angeles
William Bradley

Whitman hates the comparison with Schwarzenegger, even though obvious, as both she and Schwarzenegger are Republicans, both are super-rich, and neither had any experience in elected office before running.

Senator Maria Cantwell

Local News | Kyung M. Song | Posted 05.25.2011 | Business

Washington Senator Maria Cantwell is leading a crusade against derivatives trading, writes Kyung Song in the Seattle Times: "She has introduced bills ...

The Volcker Rule & AIG: Hedge Funds, Prop Desks Are Not The Problem

Institutional Risk Analytics | Posted 05.25.2011 | Business

There are certain basic things that the investor must realize today. In the first place, he must recognize the weakness of his individual position... ...