America is becoming an angry nation, with diminished faith in its institutions. There is a growing sense among all but the wealthiest Americans that "the game is rigged" against them.
Norman Horowitz | Posted 11.21.2009 | New York
In my humble opinion we should hire as many special prosecutors as are needed to investigate the stuff that happened on Wall Street that has screwed up our country and put as many as called for into jail.
Bill Himpler | Posted 11.17.2009 | Business
Criticisms of Industrial Loan Corporations do not reflect mainstream academic or legal thinking, as ILCs played no role whatsoever in causing or exacerbating the current or previous financial crises.
AP | MARCY GORDON | Posted 11.17.2009 | Business
WASHINGTON — Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating compan...
New York Times | ZACHERY KOUWE | Posted 11.15.2009 | New York
As President Obama traveled to Wall Street on Monday and chided bankers for their recklessness, across town a federal judge issued a far sharper rebuk...
Eric Schurenberg | Posted 11.14.2009 | Business
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.
AP | STEPHEN BERNARD | Posted 11.14.2009 | Business
NEW YORK — A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America Corp.,...
New York Times | GRETCHEN MORGENSON | Posted 11.13.2009 | 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...
AP | By MARCY GORDON | Posted 11.10.2009 | Business
...
Ellen Brown | Posted 10.23.2009 | Business
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?
bloomberg.com | David Scheer and Joshua Gallu | Posted 10.23.2009 | 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.com | Michael Hirsh | Posted 10.20.2009 | 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...
Earl Ofari Hutchinson | Posted 10.19.2009 | Business
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.
latimes.com | E. Scott Reckard | Posted 10.16.2009 | 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 ...
usatoday.com | Kevin McCoy | Posted 09.27.2009 | 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...
AP | Marcy Gordon, AP Business Writer | Posted 09.26.2009 | Business
WASHINGTON (AP) -- A judge on Tuesday ordered federal regulators to explain why they didn't investigate whether executives at Bank of America Corp. mi...
New York Times | LOUISE STORY | Posted 09.24.2009 | 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...
Robert Scheer | Posted 09.11.2009 | Business
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?
AP | Stephen Bernard, AP Business Writer | Posted 09.06.2009 | Business
NEW YORK (AP) -- The Securities and Exchange Commission said Thursday that former American International Group Inc. CEO Maurice "Hank" Greenberg agree...
John Standerfer | Posted 09.05.2009 | Business
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.
Georges Ugeux | Posted 09.05.2009 | Business
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.
AP | STEPHEN BERNARD | Posted 09.03.2009 | Business
NEW YORK — The Securities and Exchange Commission is moving toward banning a trading practice that gives some brokerages a split-second advantag...
AP | Posted 09.03.2009 | Business
WASHINGTON (AP) -- Bank of America has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's...
AP | MARCY GORDON | Posted 08.29.2009 | Business
WASHINGTON — The Securities and Exchange Commission had been actively investigating the banking business of billionaire R. Allen Stanford for mo...
Leslie Pratch, Ph.D. | Posted 08.25.2009 | Business
If parties are not mutually and equally well informed, those with more information are likely to wind up with all of the wealth and those with less information will wind up with none of the wealth.
Bruce Judson | Posted 11.21.2009 | Business