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Securities

House Passes First Crowdfunding Legislation

Jeff Steele | Posted 02.08.2012 | Entertainment
Jeff Steele

The U.S. House overwhelmingly passed its first significant crowdfunding legislation, in the form of H.R. 2930, the Entrepreneur Access to Capital Act....

Investor Files Lawsuit Against Scandal-Ridden Company

Posted 11.16.2011 | Business

A U.S. investor sued Japan's Olympus Corp, accusing the scandal-hit company of making false statements about its finances and intentionally hiding los...

MF Global Under Investigation

Posted 01.03.2012 | Business

The Securities and Exchange Commission (SEC) has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billion be...

The Lost Profession of Banking

John Fullerton | Posted 11.29.2011 | Business
John Fullerton

The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.

Matt Taibbi: NY Attorney General Vs. The Banking World

Rolling Stone | MATT TAIBBI | Posted 10.25.2011 | Business

On the one side is Eric Schneiderman, the New York Attorney General, who is conducting his own investigation into the era of securitizations – the p...

Investing USA Style

Dan Solin | Posted 05.29.2011 | Business
Dan Solin

You don't trust the securities industry. You can't forget it was these "investment gurus" who brought us to the brink of a worldwide depression. If they can't manage their own money, what qualifies them to manage yours?

The Misguided Search for the "Winning" Mutual Fund

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

As investors, you need to screen out mutual fund screens and ignore past performance. Investing based on these factors is harmful to your financial wealth.

Countrywide's Errors May Doom Bank Of America

DailyFinance | ABIGAIL FIELD | Posted 05.25.2011 | Business

Testimony in a New Jersey foreclosure case decided last week may spell big trouble for Bank of America (BAC). If what one bank employee said on the st...

Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage

Posted 05.25.2011 | Business

We all know the mortgage securitization process is complicated. But just how complicated? The chart below from Zero Hedge shows the convoluted journe...

Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage

The Huffington Post | William Alden | Posted 05.25.2011 | Business

We all know the mortgage securitization process is complicated. But just how complicated? The chart below from Zero Hedge shows the convoluted jour...

Mortgage Crisis Is 'Cancer,' 'Slow Wasting Process,' Analyst Says

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The foreclosure crisis is slowly killing the nation's economy, and the government has no idea what to do, analyst Christopher Whalen said on Bloomberg...

U.S. Anounces Plan To Sell Some Of Its Citigroup Shares

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The government plans to sell some portion of $2.2 billion worth of Citigroup securities, in the latest effort to repay taxpayers for the public rescue...

William Alden

After Lehman's Collapse, 'Largest Arbitrage Ever' -- And Deals On Art

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

The turmoil after Lehman Brothers' bankruptcy two years ago created a rare money-making opportunity for a certain type of debt trader, according to a ...

Fed Bought Junk Bonds In Maiden Lane Wall Street Rescue, But Didn't Tell Congress

Bloomberg | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of...

Is There A Government Bond Bubble?

Laurence J. Kotlikoff | Posted 05.25.2011 | Business
Laurence J. Kotlikoff

YES, there is a government bond bubble. And it's huge. Uncle Sam and his counterparts in the EU and Japan are broke and are, almost surely, going to...

Why We Must Modernize CRA: More and More Financial Activity is Taking Place at Non-CRA-regulated Institutions

Dory Rand | Posted 05.25.2011 | Business
Dory Rand

As bank regulators take a close look at modernizing the Community Reinvestment Act (CRA), we're walking you through some key reasons why CRA must be updated.

A Luxury America Can No Longer Afford

Lawrence W. Schonbrun | Posted 05.25.2011 | Business
Lawrence W. Schonbrun

In one of the largest securities class actions in history, the best the plaintiff's lawyers could do was a settlement in which class members got 1¢ for every $1 of damages claimed.

Goldman Sachs: a Hedge Fund Managed by Traders?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

What became completely obvious for all the world to see is that Goldman Sachs is a hedge fund, and that it is only interested in clients as screens for their own proprietary trading activities.

How to Fight Back Against Wall Street -- Starve the Beast

Warren Mosler | Posted 05.25.2011 | Politics
Warren Mosler

A large part of the Wall Street food supply is the U.S. pension system. Right now these are bloated whales being eaten alive by the sharks. But that can change.

Financial Reform or New York Deform?

Harry Moroz | Posted 05.25.2011 | New York
Harry Moroz

Will the financial reform bill truly have the devastating impact on financial sector employment and earnings that Mayor Bloomberg expects?

CDO Capital: Banks Fight For Their Right To Keep Buying

bloomberg.com | By Yalman Onaran and Jody Shenn | Posted 05.25.2011 | Business

June 8 (Bloomberg) -- U.S. banks are fighting to preserve the use of securities that help them appear better capitalized, even as their investments in...

Weekly Audit: Deficit Reduction = Selling Out to Wall Street

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger In the fall of 2008, decades of finance-first, bankers-know-best economic policies coalesced to create one of...

Shahien Nasiripour

Citi 'Negative' On Subprime Mortgages As Early As 2006, Yet Firm Continued To Pump Out Subprime Mortgage Products (VIDEO)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top Citigroup official testified Wednesday that the firm was reducing its risk to subprime mortgage products as early as 2006, fully expecting housi...

The Fall of the 'King of Torts' Is Merely the Tip of the Iceberg of Class Action Deceit

Lawrence W. Schonbrun | Posted 05.25.2011 | Home
Lawrence W. Schonbrun

What would you think of a legal system in which someone burglarizes your home, yet you are the one who is sued and have to pay for the damage caused by the burglar?

Take the Bulls-Eye Off Your Back!

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

I know there are exceptions, but my basic view is that the securities and insurance industries are in the business of separating you from your money. Of course, it takes two to tango, but you don't have to help them.