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Four Questions About Obama's Financial Reforms

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

Pitting bureaucrats on government salaries against the most highly compensated people in the U.S. is a bit like sending cops with .38s onto the street against gangs armed with automatic weapons.

Who's Regulating The Regulators?

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

Senior regulators who stood idly by for years as financial firms built their houses of cards have been rewarded with even bigger jobs or are jockeying...

Economic 9-11: Did Lehman Brothers Fall or Was It Pushed?

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Why was Bear Stearns saved from bankruptcy but Lehman Brothers was not? How could the decision makers not realize the dire consequences of letting Lehman go down?

Family of SEC Official Whose Unit Got Madoff Tip Lost $2 Million In Scam | David Scheer and Joshua Gallu | Posted 05.25.2011 | Business

Sept. 7 (Bloomberg) -- Family members of a U.S. Securities and Exchange Commission enforcement official, whose unit got a tip in 2005 that Bernard Mad...

Newsweek: Madoff Report Indicted Entire Regulatory System | Michael Hirsh | Posted 05.25.2011 | Business

In the days immediately after Bernie Madoff's arrest, some enforcement experts I talked to speculated that the errant financier might have been an hon...

SEC's Tough Talk Won't Stop Madoff Flim Flams

Earl Ofari Hutchinson | Posted 05.25.2011 | Business
Earl Ofari Hutchinson

Ensuring there's no more Madoff type shenanigans has less to do with the SEC having more money, more staff, and more rules than with having the political will to crack the whip on the Wall Street.

Mozilo's Legacy: Villan Or Villified? | E. Scott Reckard | Posted 05.25.2011 | Business

When David Gautreaux volunteered to assist at a charity golf tournament in Thousand Oaks two years ago, he was eager to meet the event's host, Angelo ...

Campaign Contributions May Be Linked To Pension Fund Deals | Kevin McCoy | Posted 05.25.2011 | Business

More than two dozen firms that have surfaced in a broad corruption investigation of public pension funds gave at least $1.97 million in campaign contr...

Jed S. Rakoff, The Judge Weighing Merrill Case

New York Times | LOUISE STORY | Posted 05.25.2011 | New York

Jed S. Rakoff, a United States District Court judge in Manhattan, is not one to rubber-stamp administrative decisions. Known as a maverick in legal c...

Letting the Banking Rats Out of the Bag

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Why has it been left to one stellar judge to sound the alarm on Bank of America and Merrill Lynch, and why is Congress and the Obama administration looking the other way?

Financial Reforms: Is Europe Hypocritical?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

European bank losses were as high as the U.S. They used the same compensation system, and their fragmented and ineffective regulatory system shares responsibility for the crisis.

Wall Street Is Right -- This Time

John Standerfer | Posted 05.25.2011 | Business
John Standerfer

In this post-Madoff environment, where the SEC needs all the credibility it can muster, it's critical that the agency not provide a knee-jerk response to every whim of the media and politicians.

Cramer & Colleagues Put Heat on SEC to Bring Back Uptick Rule

Harleen Kahlon | Posted 05.25.2011 | Business
Harleen Kahlon

This letter to the SEC prepared by Jim Cramer, Eric Oberg, Scott Rothbort and Bill Furber, who are in favor of reinstating the Uptick Rule, has been e...

SEC Orders Ex-CEO To Return Pay

Wall Street Journal | By PHRED DVORAK | Posted 05.25.2011 | Business

The Securities and Exchange Commission for the first time Wednesday ordered an executive to return compensation awarded during years the company misst...

SEC's 'Wish List': 42 Changes Regulator Wants | Rich Edson | Posted 05.25.2011 | Business

The Securities and Exchange Commission has sent a "wish list" to Capitol Hill of 42 changes it would like made to federal securities law. This list, ...

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...

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...

SEC Investigating Apple's Disclosures On Steve Jobs' Health

Bloomberg | Connie Guglielmo, David Scheer and Karen Gullo | Posted 05.25.2011 | Business

Apple Inc.'s disclosures about Steve Jobs's health remain under scrutiny by U.S. Securities and Exchange Commission investigators over how his conditi...

The Root of Madoff's Evil

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

How convenient for the judge and the media to paint Bernard Madoff as Mr. Evil, a uniquely venal blight on an otherwise responsible financial industry in which money is handled honestly and with transparency.

SEC Pushed To Reward Whistleblowers With Cash | Joanna Chung in New York | Posted 05.25.2011 | Business

Regulators should pay whistleblowers for information about frauds, according to an official investigating the US Securities and Exchange Commission's ...

Losing Bernie

Laura Stein | Posted 05.25.2011 | Business
Laura Stein

I've spent surprisingly little time since December 11, 2008, thinking about the man who caused my husband, me, and so many others such pain.

Navigating Through Madoff-Land

Laura Stein | Posted 05.25.2011 | New York
Laura Stein

Only months before Madoff was arrested, my husband and I moved the last of our investments over to him, having been investors for 21 years. What I couldn't have imagined is how lucky we would turn out to be.

The Madoff Twelve

Norb Vonnegut | Posted 05.25.2011 | Home
Norb Vonnegut

Ira Sorkin, defense attorney for Bernard Madoff, requested his client's sentence be limited to twelve years. He cited Madoff's age and thirteen-year l...

Jeff Muskus

Congress Considering Banning Some TARP Execs From Public Companies | Jeff Muskus | Posted 05.25.2011 | Business

The White House unveiled the outlines of its new ground rules for the financial game Wednesday, but seemed resigned to leave the same failed players o...

Madoff Scald: SEC Inspector-General Meets With Fraudster

Jun. 18, 2009 | Posted 05.25.2011 | Business

NEW YORK (CNN) -- Admitted fraudster Bernard Madoff, the mastermind of history's biggest Ponzi scheme, had a three-hour meeting with the Securities an...