iOS app Android app

Fcic

Shahien Nasiripour

Discussing Oversight Failures, Federal Financial Regulators Do Little To Inspire Confidence

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Former top officials at the Securities and Exchange Commission did little Wednesday to affect the overall perception that the agency failed in its mis...

Shahien Nasiripour

Bear Stearns Execs Blame Outsiders For Firm's Failure

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Pressed to admit that Bear Stearns's over-leveraged, subprime-fueled nature was responsible for the failed investment bank's eventual demise, three to...

Shahien Nasiripour

Financial Crisis Commission Hearing UPDATES: Bear Stearns, SEC Officials Grilled

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

We've compiled breaking updates of the Financial Crisis Inquiry Commission's hearing today on "the shadow banking system." Today's testimony includes...

The Wisdom Jimmy Cayne - A Career In Lowlights

Huffington Post | Nathaniel Cahners Hindman and Ryan McCarthy | Posted 05.25.2011 | Business

Former Bear Stearns CEO Jimmy Cayne is scheduled to testify before the Financial Crisis Inquiry Commission today, and his testimony is sure to be mem...

Shahien Nasiripour

Ex-Bear Stearns Chief Splits With Wall Street, Endorses Regulating Derivatives

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The former chief executive officer of failed investment bank Bear Stearns endorsed Congress's push to mandate federal re-regulation of derivatives. ...

Shahien Nasiripour

Former Bear Stearns Chiefs, Ignoring Firm's Faults, Blame Collapse On 'Unjustified', 'Irrational', 'Unfounded' 'Rumors' And 'Speculation'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The former chiefs of failed investment bank Bear Stearns plan to tell an investigative panel Wednesday that the firm's demise was due to nothing more ...

The Lying Liars at Goldman Sachs

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Goldman Sachs sent its second-highest-ranking officer to to tell the FCIC that his company is staffed by complete idiots. David Viniar claimed that his company just doesn't know how to do basic bookkeeping.

Shahien Nasiripour

Financial Crisis Commission Turns Up Heat On Goldman Sachs: 'Nobody Here Believes You'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The panel created to investigate the roots of the financial crisis escalated the government's assault on Goldman Sachs on Thursday, criticizing the Wa...

Shahien Nasiripour

Goldman Sachs 'Most Aggressive' In Demanding Cash From AIG

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Goldman Sachs was the "most aggressive" financial firm to demand cash from AIG on what it viewed as souring deals during the financial crisis, the hea...

Shahien Nasiripour

Joseph Cassano, Ex-AIG Exec Says He Was Truthful About Losses

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The former head of the AIG derivatives unit accused of exacerbating the global financial crisis blamed the firm's auditors -- rather than his unit -- ...

Shahien Nasiripour

Moody's Slapped With Subpoena: Credit Rating Agency Not Cooperating With Crisis Investigators

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The panel created to investigate the roots of the financial crisis slapped credit rating agency Moody's Corp. with a subpoena Wednesday for failing to...

Shahien Nasiripour

Former Top Fannie Mae Execs Grilled On Compensation, Lobbying Of Congress (VIDEO)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Scroll down for video The panel created by Congress to investigate the roots of the financial crisis grilled former top officials at Fannie Mae on Fr...

Financial Crisis Investigations Then And Now

Danny Schechter | Posted 05.25.2011 | Politics
Danny Schechter

We still don't know who did what to us, or why not much will change. The financial crisis investigation is a joke; prosecutions seem non-existent. Why?

Shahien Nasiripour

Financial Crisis Commission Questions Former Citigroup Chiefs Robert Rubin, Chuck Prince (LIVEBLOG, VIDEO)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

(We'll be running a live blog of the testimony at the Financial Crisis Inquiry Commission's latest round of hearings in Washington, D.C. Former Federa...

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.

Shahien Nasiripour

Goldman Sachs Withholding Key Info; Financial Crisis Panel Issues Subpoena

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

This post was updated at 7:30 p.m. ET. Referring to its conduct as "abysmal," "unacceptable," "egregious," and "disturbing," the federal panel crea...

Is Greenspan Kidding? He Was "Right 70%" of the Time?

Tom Matzzie | Posted 05.25.2011 | Business
Tom Matzzie

Imagine if airline pilots only landed 70 percent of airplanes, crossing guards only protected 70 percent of students or if your bank only honored 70 percent of your checks. It would be a public scandal.

In the Dark: A Good Prosecutor Would've Pinned Greenspan Down

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

The American people deserve a prosecutor to get to the bottom of this financial mess. They need someone who will hold the Alan Greenspans of the world accountable.

Citigroup Eyed By Financial Crisis Commission

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

But there is one small question, not so obvious, that has been crying out for an answer for years, and it has nothing to do with exoticisms like C.D.O...

Financial Crisis Inquiry Commission Divided, Unfocused, Slow

New York Times | SEWELL CHAN and ERIC DASH | Posted 05.25.2011 | Business

The panel established by Congress to investigate the causes of the financial crisis has been hobbled by delays and internal disagreements and a lack o...

President Obama: Bring Back Black

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

It's time to bring back William K. Black and resolute regulators like him. Our proposed "financial reform" bill is a sham, and the health of our society and our economy is at stake.

Congress's FCIC Nearly Nailed Former Citigroup Executives to the Wall -- Then Blew It

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Chairman Angelides was apparently unaware that Citigroup had reason to be deeply alarmed by the events that caused the Bear Stearns hedge funds to implode.

Shahien Nasiripour

FCIC Testimony: Credit Rating Agency Execs Say They Couldn't Say No To Wall Street, Buffett Testifies

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE: 5:45 PM - Moody's Former Execs: Firm Lusted After Profits More former top executives at Moody's Investors Service testified Wednesday that a ...

Credit ratings agencies being investigated by federal panel

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

This hearing could be one of the last opportunities to educate the public and Congress about how we might overhaul a system that failed the nation bef...

Shahien Nasiripour

Financial Crisis Panel To Hold Hearings Next Week; Greenspan, Citigroup Execs To Be Grilled

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Alan Greenspan headlines a cast of witnesses to be questioned next week by the panel investigating the roots of the fi...