By Zach Carter, Media Consortium blogger Senate Banking Committee Chairman Chris Dodd (D-CT) unveiled his latest financial reform proposal on Monday, ...
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.
I have two alternatives: Stop reading the newspapers, or learn to manage my anger. It's clear the world is not going to get any better. In fact, what's bad is bad and what was once sort of okay is getting worse.
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.
We talked about the economy today, and whether Treasury Secretary Tim Geithner deserves more credit. What he should be getting credit for, it seems...
A firm's failure should not matter to anyone but its management, employees, shareholders and creditors. But better regulation will not suffice for us to fix this. Only breaking up the big banks will work.
Obama postponed his Asia trip for the final push on health care. Will it really come to a vote in 10 days? Is it political suicide for the Democrats?
Lehman was so rotten at the top, so corrupt, so unwilling to tolerate dissension, and Dick Fuld and Joe Gregory so obsessed with clinging to their seats, that eventually, housing bubble or not, it would have failed.
Most traders in U.S. credit default swaps don't think the U.S. will default as long as we have money printing presses, so they are speculating on price movements.
Let's get something straight right off the bat. We all know there is a certain level of fraud sleight of hand in the financial industry. I have calle...
While Icelanders have been endlessly debating IceSave, our unemployment rate has continued to climb, the number of insolvencies has continued to increase, and public services have continued to decrease.
In response to my article in this month's Vanity Fair, hundreds (literally) of Lehman's former women executives anxiously listened into a conference phone call about the story.
The connection between a politician and the financial interests that secure him are deeper than mere utility or selfish purpose. And in the case of Barack Obama, bankers are not just in his pockets, they are in his heart.
Max Keiser interviews in Moscow, and The Keiser Show in front of the Kremlin.
As if Charles Darwin himself were personally involved, the significant economic dips and downturns we face seem designed to weed out the weak. It's a ...
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.