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Why Haven't Any of the Sub-Prime "Criminals" Been Jailed?

Jack M. Guttentag | Posted 07.28.2013 | Business
Jack M. Guttentag

I think that the most obvious answer is the correct one: the authorities were not able to find sufficient evidence of criminal behavior in any of the cases they investigated, and they investigated many, because there weren't any to be found.

Obama Did It For the Money

Robert Scheer | Posted 07.06.2013 | Politics
Robert Scheer

The love fest between Barack Obama and his top fundraiser Penny Pritzker that has led to her being nominated as Commerce secretary would not be so unseemly if they both just confessed that they did it for the money

Goldman Sachs and Litton Loan Servicing: A Very Uncomfortable Divorce

Joel Sucher | Posted 01.16.2013 | Business
Joel Sucher

Goldman's foray into the world of sub-prime mortgage servicing is one that company executives would like relegated to the dumpster along with the water-logged sandbags that shielded their New York HQ from the ravages of Hurricane Sandy.

Boiler Rooms and Foreclosure Mills: A Brief History of America's Mortgage Industry

Michael W. Hudson | Posted 05.25.2011 | Business
Michael W. Hudson

Washington failed to act the first time around -- when lenders were engaged in a frenzy of predatory lending. The foreclosure scandal is a second chance for lawmakers to prove they can ferret out the truth.

Eurogate -- The New Fannie, Freddie and AIG

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

We enter a new currency melee which gives "Beware the Greeks" new meaning. Greece is only the beginning of a new Euro Plague, whose value will be drubbed by a complete failure to supervise members.

Why Ben Bernanke Should Not be Confirmed, and the Fed Should Keep its Autonomy

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

One of the casualties of this crisis is the capacity of economists to read the signs and launch warning signals. While Ben Bernanke understands economics and numbers, he lacks the necessary instincts.

The $20 Billion Gamble: The Greatest Coup in Financial History

Blake Fleetwood | Posted 05.25.2011 | Business
Blake Fleetwood

Paulson made his bets in late 2006 just as the sub-prime mortgage markets were starting to weaken. His timing was impeccable, as was his luck.

Risk-taking Is Back For Banks 1 Year After Crisis

AP | By STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK (AP) -- A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Gol...

Bonfire of The Vanities: The Arrogance of British Politics

Cedric Perrier | Posted 05.25.2011 | World
Cedric Perrier

Politicians have long been fodder for the rabble-rousing editor of any tabloid, but when exactly did we stop respecting or appreciating those we elect to represent us in the legislative process?

Jon Stewart Deserves a News Emmy

Reese Schonfeld | Posted 05.25.2011 | Media
Reese Schonfeld

I despise the political pundits who think that they alone are entitled to comment on things politic. They claim Jon Stewart invaded their turf by interviewing Jim Cramer.

US Dollar Devaluation as Predicted

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The Chinese are starting to switch from investing in U.S. T-bills to buying hard assets for stockpiling or acquiring corporations at bargain-basement ...

Who You Callin' a Slumdog?

Sanjay Khanna | Posted 05.25.2011 | World
Sanjay Khanna

The enthusiastic embrace of Slumdog Millionaire may actually signify a sober recognition that growing inequality has become a permanent, unchangeable facet of U.S.

The World's Smartest Money Man on the Crisis

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The year 2008 will go down as one of history's worst, but it was the best year in the history of Canada's Fairfax Financial Holdings Limited.

South African Execs Looking For An Obama Victory

Georgianne Nienaber | Posted 05.25.2011 | Home
Georgianne Nienaber

Our economy is tied to the U.S. economy and the U.S. Republican policies have failed. Most South African analysts believe a black U.S. president will more easily de-polarize the world and undo the divide between the East and West.

Freddie and Fannie: Republican victims

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The announcement on Sunday that the Fed and U.S. Treasury will backstop these two financial intermediaries is an entirely predictable, latter-day outcome as a result of cowboy capitalism.

Goldman Sachs Boasts High Earnings

Wall Street Journal | Posted 05.25.2011 | Business

When Bear Stearns was dying (and even just before) many wondered what would happen to its successful prime brokerage business, which is engaged in the...