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Christopher Hitchens' Economic Assessment: United States Is A "Banana Republic"

Vanity Fair | Christopher Hitchens | Posted 05.25.2011 | Business

But still, the chief principle of banana-ism is that of kleptocracy, whereby those in positions of influence use their time in office to maximize thei...

Short-Selling Ban Expiring: Did It Change Anything?

DealBook | Posted 05.25.2011 | Business

Few expect their return, on its own, to spark another precipitous plunge in the stock market. Financial shares have plunged 23 percent since the ban w...

S.E.C. Chairman: Oversight Failures Fueled Collapse

New York Times | STEPHEN LABATON | Posted 05.25.2011 | Business

The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supe...

Investment Bank Oversight Program Ending, SEC Says

Reuters | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission is ending its program to supervise large independent investment banks now that the ...

The 2002 Warning About Wall Street

New York Times | Ron Suskind | Posted 05.25.2011 | Business

In contrast to dividends, Mr. Greenspan intoned, "Earnings are a very dubious measure" of corporate health. "Asset values are, after all, just based o...

The George Will Revolt

Danielle Celena Belton | Posted 05.25.2011 | Media
Danielle Celena Belton

George Will is through with the Straight Talk Express. His Tuesday column is a vigorous literary battering that never lets up as Will exerts his frustration and disappointment with McMaverick.

Wall Street Crisis Gives Preview of McCain Under Pressure

Andy Ostroy | Posted 05.25.2011 | Business
Andy Ostroy

The meltdown on Wall Street last week wasn't the only one. We got a glimpse of McCain under fire, and it wasn't pretty. America needs a president who provides a steady hand under pressure.

Short-Selling Ban List Expands To Include GM, GE, Others

MarketWatch, Detroit News | Dave Burdick | Posted 05.25.2011 | Business

The SEC has added more companies to the list of 799 companies that cannot be short-sold temporarily. Included are the following firms, according to Ma...

WSJ Editorial Board Hits McCain For Cox Threat: "Deeply Unfair ... Un-Presidential"

The Huffington Post | Rachel Weiner | Posted 05.25.2011 | Politics

The conservative Wall Street Journal editorial board finds John McCain's sudden economic policy shifts less than inspiring: John McCain has made it ...

Govt trading ban could have unintended results

AP | MARCY GORDON and STEVENSON JACOBS | Posted 05.25.2011 | Business

WASHINGTON — The government's unprecedented move Friday to ban people from betting against financial stocks might be a salve for the market's tu...

McCain's Economic Freakout vs. Obama's Measured Reponse

Eric Schmeltzer | Posted 05.25.2011 | Politics
Eric Schmeltzer

In the middle of the biggest financial crisis we've had in decades, McCain would dump the SEC Chair. Yeah, because that wouldn't freak the entire market the F out.

McCain Would Fire SEC Chairman Christopher Cox

AP | GLEN JOHNSON | Posted 05.25.2011 | Business

CEDAR RAPIDS, Iowa — Republican John McCain, buffeted by criticism about his response to Wall Street's financial problems, said Thursday he woul...

Now McCain Says Fire SEC's Cox, But He Hired Him!

Jamie Court | Posted 05.25.2011 | Business
Jamie Court

Where was Senator McCain back in 2005 when we launched the "Stop Cox" campaign to oppose the confirmation of a pro-business, anti-regulatory politician as the nation's top financial regulator?

McCain's SEC Slam Becomes Latest Gaffe: The President Can't Fire The SEC Chair

ABC | Posted 05.25.2011 | Politics

ABC News' David Wright reports: At a joint rally in Cedar Rapids, Iowa Thursday, Republican John McCain slammed the Security and Exchange Commission (...

SEC Chairman Christopher Cox Strikes Back At McCain

SEC | Posted 05.25.2011 | Business

The following is a statement released by SEC Chairman Christopher Cox in response to Sen. John McCain saying earlier today on the campaign trail that ...

Merrill Lynch Will Buy Back Auction-Rate Securities, Dodge Lawsuit

Posted 05.25.2011 | Business


Short Selling Rules Expire Today

Reuters | Posted 05.25.2011 | Business

Last month, the SEC imposed a temporary rule that requires investors to borrow stock before executing a short sale in 19 major Wall Street firms such ...

Twitter: Fortune, SEC Discover The Web Craze

Footnoted, Fortune | Posted 05.25.2011 | Business

Fortune is trying valiantly here to translate Twitter into the language of its readers, but there's only so much one magazine can do with a start-up t...

Naked Short-Selling Ban Extended Through August 12 -- But That's It

AP | RICHARD JACOBSEN | Posted 05.25.2011 | Business

Federal regulators on Tuesday extended through mid-August a temporary order banning a certain kind of short-selling of the stocks of mortgage finance ...

SEC's Covered Bonds: How Will They Help?

DealBreaker | John Carney | Posted 05.25.2011 | Business

The New York Sun has the clearest explanation of covered bond that we've seen. A covered bond offers the holder what is known as a dual recourse....

Short-Selling Protection Expanded Could Hurt Computerized Trading: Report

Wall Street Journal | Jenny Strasburg, Kara Scannell and Randall Smith | Posted 05.25.2011 | Business

The rules appear to have had their intended effect of halting the slide in shares of financial companies such as Fannie Mae, Freddie Mac and Lehman Br...

Short Selling Rules In U.S. Have Australians Steamed

DealBook | Posted 05.25.2011 | Business

Australian hedge fund players have come out swinging against the United States' efforts to curb short selling, arguing that hedge funds are being targ...

SEC Prohibits Some Short Selling

DealBook | Posted 05.25.2011 | Business

In some corners of Wall Street and Washington, short sellers have become about as unpopular as Red Sox fans at Yankee Stadium. Short sellers, who bet...

AOL Whistle-Blower Becomes SEC Target

New York Times | Tim Arango | Posted 05.25.2011 | Business

On May 14, 2001, Joseph A. Ripp, the newly appointed chief financial officer of America Online, faxed a letter to the Las Vegas offices of the account...

Paulson's Plan In A Nutshell

New York Times | MICHAEL M. GRYNBAUM | Posted 05.25.2011 | Business

The NYT reports: The Bush administration on Monday rolled out the broadest overhaul of Wall Street regulation since the Great Depression, presenting...