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New Pecora Commission

Nominate Elizabeth Warren -- Provide the Pecora Hearings We Need

Simon Johnson | Posted 07.04.2011 | Business
Simon Johnson

A proper Senate confirmation hearing for Elizabeth Warren would allow her to explain in clear terms how "too big to fail" banks are are now involved in a hugely dangerous government subsidy scheme that presents a serious, nontransparent threat to consumers.

Dictionary, Please: Wall Street's Wallison Doubles Down on Doublespeak

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

The Republicans on the Financial Crisis Inquiry Commission tried to undermine that group's work by attempting to ban phrases like "Wall Street" from its final report. Now they are trying to explain away their behavior.

The Soviet GOP: There's Something Red About This Whitewash

Rob Warmowski | Posted 05.25.2011 | Politics
Rob Warmowski

Some younger readers might need a refresher course in the workings of a thing called the Soviet Union. Republican apologists for Wall Street are doing their best to provide one.

Shahien Nasiripour

Financial Crisis Panel In Turmoil As Republicans Defect; Plan To Blame Government For Crisis | Shahien Nasiripour | Posted 05.25.2011 | Business

The four Republicans appointed to the commission investigating the root causes of the financial crisis plan to bypass the bipartisan panel and release...

Shahien Nasiripour

Two Top Investigators Leave Financial Crisis Commission | Shahien Nasiripour | Posted 05.25.2011 | Business

Two senior staffers have quietly left the Financial Crisis Inquiry Commission, a panel working under a tight deadline that has been dogged by rumors o...

Shahien Nasiripour

Goldman Sachs 'Most Aggressive' In Demanding Cash From AIG | 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

Lively Debate, Hard Truths Emerge During Debate On Financial Crisis | Shahien Nasiripour | Posted 05.25.2011 | Business

Some of the country's top financial scholars met over the weekend with the panel charged with investigating the causes of the financial crisis. What f...

Shahien Nasiripour

Financial Crisis Investigators Looking At Wall Street | Shahien Nasiripour | Posted 05.25.2011 | Business

Investigators for the commission created to examine the causes of the financial crisis have begun their probe of Goldman Sachs and other Wall Street b...

Policymakers Would Be "Wise To Let This Pecora Part 2 Get On With Its Mission"

The New York Times | Rob Cox and Richard Beales | Posted 05.25.2011 | Business

It's too early for a Securities and Exchange Commission Preservation Society. Yet that seems top of the agenda for the Investors' Working Group, an in...

Pelosi's Toothless Watchdogs

Joe Conason | Posted 05.25.2011 | Politics
Joe Conason

Congressional leaders are expected to announce the creation of a new commission to investigate the real causes of America's crippling financial disaster.