These days, the business sections of newspapers read like rap sheets. Money laundering. Price fixing. Bid rigging. Securities fraud. Talking about the mob? No, unfortunately. Wall Street.
Greg Smith violated the ancient code of all mafia organizations: he spilled the game to the public. His former colleagues at Goldman Sachs no doubt now see him as a "rat."
Three years after Wall Street came unhinged, there has been too little progress made in fixing our financial system so that it works for all Americans, not just the titans of finance, and there have been few consequences for those who drove our economy over the cliff.
It sounds pretty good to me that people are taking an interest in the commission's findings. If you'd like some recommendations for further reading on the subject, here are a few recommendations.
The Financial Crisis Inquiry Commission just released its report, and it's already under attack by the Four Horsemen of the Economic Apocalypse: the Ideologue, the Lobbyist, the Think-Tanker, and the Politician.
In a report released today, the Financial Crisis Inquiry Commission found that "reckless" Wall Street firms, an abundance of cheap credit and "weak" f...
The bipartisan panel appointed by Congress to investigate the financial crisis has concluded that several financial industry figures appear to have br...
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.
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.
The four Republicans appointed to the commission investigating the root causes of the financial crisis plan to bypass the bipartisan panel and release...
The bipartisan panel created to investigate the roots of the financial crisis voted Wednesday to delay the Dec. 15 publication of their report despite...
This story comes courtesy of California Watch.
By Louis Freedberg
Despite Gov. Arnold Schwarzenegger's promises to reduce California's indebtedness,...
When the former president and chief operating officer of Wall Street's foremost mortgage-loan due diligence firm testified under oath before a federal...
During a little-noticed hearing this week in Sacramento, Calif., a firm hired by Wall Street to analyze mortgages given to borrowers with poor credit,...
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...
While Goldman Sachs (GS) has settled Securities and Exchange Commission civil fraud charges over its Abacus synthetic collateralized debt obligation t...
Former Treasury Secretary Henry Paulson outlined a number of "suggestions" Thursday to fix the nation's broken financial system and the outdated regul...
We've compiled breaking updates of the Financial Crisis Inquiry Commission's hearing today on "the shadow banking system." Today's testimony includes...
The former chief executive officer of failed investment bank Bear Stearns endorsed Congress's push to mandate federal re-regulation of derivatives.
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Former top officials at the Securities and Exchange Commission did little Wednesday to affect the overall perception that the agency failed in its mis...
Pressed to admit that Bear Stearns's over-leveraged, subprime-fueled nature was responsible for the failed investment bank's eventual demise, three to...
The former chiefs of failed investment bank Bear Stearns plan to tell an investigative panel Wednesday that the firm's demise was due to nothing more ...
Goldman Sachs sent its second-highest-ranking officer to to tell the FCIC that his company is staffed by complete idiots. David Viniar claimed that his company just doesn't know how to do basic bookkeeping.
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...