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FINALLY: SEC Proposed New Rules For Credit Rating Agencies

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating compan...

Industrial Loan Companies are Part of the Economic Solution

Bill Himpler | Posted 05.25.2011 | Business
Bill Himpler

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.

Judge Rakoff Rejects Settlement Over Merrill Bonuses

New York Times | ZACHERY KOUWE | Posted 05.25.2011 | 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...

Four Questions About Obama's Financial Reforms

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

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.

Judge Overturns Bank Of America-SEC Settlement Over Merrill Bonuses

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America Corp.,...

Who's Regulating The Regulators?

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | 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...

SEC Officials "Deeply Regret" Madoff Failure, Promise Changes

AP | By MARCY GORDON | Posted 05.25.2011 | Business

...

Economic 9-11: Did Lehman Brothers Fall or Was It Pushed?

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

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?

Family of SEC Official Whose Unit Got Madoff Tip Lost $2 Million In Scam

bloomberg.com | David Scheer and Joshua Gallu | Posted 05.25.2011 | 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: Madoff Report Indicted Entire Regulatory System

newsweek.com | Michael Hirsh | Posted 05.25.2011 | 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...

SEC's Tough Talk Won't Stop Madoff Flim Flams

Earl Ofari Hutchinson | Posted 05.25.2011 | Business
Earl Ofari Hutchinson

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.

Mozilo's Legacy: Villan Or Villified?

latimes.com | E. Scott Reckard | Posted 05.25.2011 | 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 ...

Campaign Contributions May Be Linked To Pension Fund Deals

usatoday.com | Kevin McCoy | Posted 05.25.2011 | 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...

Judge Wants SEC To Explain Why It Didn't Investigate BofA In Merrill Deal

AP | Marcy Gordon, AP Business Writer | Posted 05.25.2011 | 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...

Jed S. Rakoff, The Judge Weighing Merrill Case

New York Times | LOUISE STORY | Posted 05.25.2011 | 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...

Letting the Banking Rats Out of the Bag

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

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?

Ex-AIG CEO Greenberg Pays $15 Million To Settle SEC Fraud Charges

AP | Stephen Bernard, AP Business Writer | Posted 05.25.2011 | Business

NEW YORK (AP) -- The Securities and Exchange Commission said Thursday that former American International Group Inc. CEO Maurice "Hank" Greenberg agree...

Financial Reforms: Is Europe Hypocritical?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

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.

Wall Street Is Right -- This Time

John Standerfer | Posted 05.25.2011 | Business
John Standerfer

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.

SEC Moves Closer To Banning Flash Orders

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — The Securities and Exchange Commission is moving toward banning a trading practice that gives some brokerages a split-second advantag...

Bank Of America Settles With SEC For $33M Over Merrill Deal

AP | Posted 05.25.2011 | 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...

Cramer & Colleagues Put Heat on SEC to Bring Back Uptick Rule

Harleen Kahlon | Posted 05.25.2011 | Business
Harleen Kahlon

This letter to the SEC prepared by Jim Cramer, Eric Oberg, Scott Rothbort and Bill Furber, who are in favor of reinstating the Uptick Rule, has been e...

Watchdog: SEC Did Its Duty In Stanford Case

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The Securities and Exchange Commission had been actively investigating the banking business of billionaire R. Allen Stanford for mo...

SEC, FDICSEC, FDIC Say Council Should Be Supercop, Not Fed

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Key regulators on Thursday broke with the Obama administration, reaffirming their belief that some new powers to monitor big instit...

SEC Orders Ex-CEO To Return Pay

Wall Street Journal | By PHRED DVORAK | Posted 05.25.2011 | Business

The Securities and Exchange Commission for the first time Wednesday ordered an executive to return compensation awarded during years the company misst...