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Calpers Sues "Wildly Inaccurate" Rating Agencies | LESLIE WAYNE | Posted 05.25.2011 | Business

SACRAMENTO -- The nation's largest public pension fund has filed suit in California state court in connection with $1 billion in losses that it says w...

Ryan Grim

SEC Chair Floats Ratings Agency Crackdown | Ryan Grim | Posted 05.25.2011 | Business

The Securities and Exchange Commission chair Mary Schapiro floated the possibility of cracking down on a particularly egregious Wall Street habit at a...

Lamar Alexander's $750 Billion Flimflam Plan on Nuclear Energy

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

Anything that addresses the issue of climate change involves a tradeoff, and nuclear power may very well be one part of the long-term solution.

Morgan Stanley Turns Downgraded CDOs Into AAA Securities | Posted 05.25.2011 | Business

July 8 (Bloomberg) -- Morgan Stanley plans to repackage a downgraded collateralized debt obligation backed by leveraged loans into new securities with...

U.S. credit Safe, A "solid triple-A": Moody's

Yahoo! News | Posted 05.25.2011 | Business

TOKYO (Reuters) -- Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was safe but added that it could be at ...

Rating Agencies Spared In Obama Financial Reforms

Reuters | Jonathan Stempel | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Long attacked for awarding pristine ratings to mortgages and other securities that proved worthless, credit rating agencies were ...

Marcus Baram

Credit Rating Agencies Spared Major Reforms In Obama's Overhaul | Marcus Baram | Posted 05.25.2011 | Business

They've been called the culprits of the financial crisis but their role has remained largely unexamined. And they were largely spared any major reform...

Warren Buffett: The Oracle Speaks

Judith Ellis | Posted 05.25.2011 | Business
Judith Ellis

Mr. Buffett and Mr. Munger speak about the dangers of mathematical theories. But where were they before now?

Credit Ratings Accused Of Reaping Profits As Regulators Fail

Bloomberg News | Posted 05.25.2011 | Business

Ron Grassi says he thought he had retired five years ago after a 35-year career as a trial lawyer. Now Grassi, 68, has set up a war room in his Tah...

Credit Rating Agency Scandals Ignored by US

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Credit rating agencies contributed to the current economic collapse. They were paid fees by banks who sometimes pressured or shopped around for the most favorable risk assessments, an obvious conflict of interest.

Buffett's Berkshire Loses Top-Level Credit Rating From Moody's

Bloomberg | Erik Holm | Posted 05.25.2011 | Business

Billionaire Warren Buffett's Berkshire Hathaway Inc. had its top-level Aaa credit rating cut by Moody's Investors Service because of the falling value...

Ratings Agencies, To Blame For Some Of The Crisis, Could Now Benefit

Huffington Post via WSJ | Julie Satow | Posted 05.25.2011 | Business

The Federal Reserve is in the uncomfortable position of rewarding those who helped cause the financial crisis. The government's latest rescue effort ...

How Far Down Is the Bottom?

Michael Wolff | Posted 05.25.2011 | Business
Michael Wolff

The basic economic operation becomes about anticipating -- and speculating on -- the depth of the bottom. (The hype that helped urged things up now urges them down.)

Moody's "Bottom Rung" List Of 283 Companies At Risk Of Default

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

On Tuesday, Moody's Investors Service published a new list called the Bottom Rung, which details which companies the ratings agency says are most like...

10 Good Bets that I Wouldn't Have Taken a Year Ago

Elizabeth Rigby | Posted 05.25.2011 | Politics
Elizabeth Rigby

It seems like we are living in an alternate political reality divorced from what was previously known, understood, practical, and possible simply a year ago.

Republicans Say They'd Support the "Right" Stimulus Bill, But Stimulus for Them Is Only More Tax Cuts

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

If you look closely at what the Republicans are saying, this isn't a debate on the merits of this stimulus legislation, but rather another round of policy battles fought during last year's campaign.

In the Footsteps of Simeon Meade - Escape the Cell | Mochiads | Posted 05.25.2011 | Comedy

This is the first part of myst-style point-and-click puzzle adventure game - In the Footsteps of Simeon Meade.

The 'Market' Isn't So Wise After All

Thomas Frank | Posted 05.25.2011 | Business
Thomas Frank

By and large the free-market medicine men seem determined to learn nothing from this awful year. Instead they repeat their incantations and retreat deeper into their dogma.

Lebanon's Economy Thriving Thanks to Arab Neighbors and Conservative Capitalism

Ahmed Shihab-Eldin | Posted 05.25.2011 | World
Ahmed Shihab-Eldin

As the rest of the world braces for a global economic dive, thousands of visitors flood into Beirut. The streets are crowded, shops are bustling and political chatter takes an unusual backseat to celebration.

Debt Watchdogs: Tamed Or Caught Napping?

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

"These errors make us look either incompetent at credit analysis or like we sold our soul to the devil for revenue, or a little bit of both." -- A Mo...

More On the Sky Falling

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

I'm usually just working on small business, but yesterday, as I went over the Sunday New York Times, I hit upon one piece by Ben Stein that struck a cord.

New York Psychiatrist Uses Verbal Abuse On Wall Street Clients

The Daily Beast | Dr. Stephen Josephson | Posted 05.25.2011 | Business

A New York psychiatrist says caustic verbal abuse is the best treatment for traumatized Wall Street jocks. Last week the bottom dropped out of the fi...

MBIA Gets Added Boost From Moody's | Laurie Kulikowski | Posted 05.25.2011 | Business

MBIA surged as much as 6% in trading Tuesday after Moody's Investor Services confirmed the financial guarantor's triple-A rating. The action comes a ...

More Bailouts For Over-Indebted Homeowners Coming?

New York Times | EDMUND L. ANDREWS, LOUIS UCHITELLE | Posted 05.25.2011 | Business

Prodded in part by some of the nation's biggest banks, the Bush administration and Congress are considering costly new proposals for the government to...

NYT, Clear Channel Top Most Vulnerable Media Companies List

Bloomberg | Tim Mullaney | Posted 05.25.2011 | Media

New York Times Co. and Clear Channel Communications Inc., the largest U.S. radio broadcaster, are among the most vulnerable media companies in the eve...