Articles tagged with Wall Street

Tags > W > Wall Street

Bailout Docs Still Redacted

In October, we noted that the U.S. Treasury Department had blacked out key details of contracts it awarded as part of its $700 billio … more…

Bailout II: Bail Harder

In order to keep tabs on how the Treasury Department is handling the $700 billion bailout, Congress split up the payments. The first … more…

Goldman Sachs Urged Bets Against California Bonds It Helped Sell

This story was co-published with the Los Angeles Times and also appears in that newspaper’s Nov. 11, 2008 issue.

Goldman, Sachs … more…

AIG Freezes Bonuses, Questions Remain on Lobbying

This morning, the government unveiled its latest move: upping the AIG bailout to $150 billion.

There were some strings attached, in … more…

The Bush-Obama Bailout?

We’ve been hearing for weeks about how the Treasury Department is on the cusp of dramatically widening its current bailout program. F … more…

Bank Bailout Count: $171 billion, 40 Banks

It’s time for our Bailout Watch update of the day. Today we’ve added four banks, including a big one, Minneapolis-based U.S. Bank, fo … more…

Did AIG Hide Its Losses?

Since mid-September, the government has doled out hundreds of billions in loans. And so far, the bailout of AIG seems by far the risk … more…

Why are Docs From the Bailout Being Redacted?

The U.S. Treasury Department has decided against publicly releasing key details of the contract it awarded Bank of New York Mellon to … more…

Pointing the Finger at Greenspan

It was only a matter of time before "The Reckoning," the New York Times' series on the roots of the financial crisis, concentrated on … more…

Talking With ‘The Trillion Dollar Meltdown’s’ Charles Morris

Charles Morris is one of the sages of Wall Street. A former lawyer and banker, Morris published a book in January that predicted, as … more…

Little Scrutiny of Gov’t's Rapid Financial Rule Changes

With the global financial system teetering on the edge, the U.S. government has been making historic moves on a near-daily basis. Som … more…

Did Lehman Bros. Lie to Investors?

We’ve written before -- somewhat skeptically -- about the FBI's apparent investigations into Lehman Brothers, AIG and other once-hi … more…

How Will The McCain Campaign ‘Get Rid’ of Corruption on Wall Street?

At last night’s debate, Gov. Palin promised that she and Senator McCain will “get rid of the greed and corruption on Wall Street. … more…

SEC Oversight of Investment Banks Was in Shambles

Four years ago, the SEC made what appears to be a fateful decision. As ProPublica and others have reported, the commission exempted m … more…

‘Flawed’ SEC Program Failed to Rein in Investment Banks

The Securities and Exchange Commission last week abolished the special regulatory program that it applied to Wall Street's largest in … more…

SEC ‘Clarifies’ Accounting Rule, But Lobbyists Want More

Regulatory agencies moved on two fronts yesterday to help banks caught in the financial crisis. The first move -- asking Congress to … more…

Despite Lobbying, Popular Opposition Sinks Bailout Bill

Not long after the administration decided to pursue a massive bailout plan, there were reports of a massive lobbying effort. Lobbyist … more…

History of Gov’t Bailouts, Updated

ProPublica

The House just rejected the $700 billion bailout plan, but it's not the only bailout in town. On Saturday, the U.S. Senat … more…

How AIG Imploded

With the financial markets still teetering, yesterday's New York Times took a step back and did some forensic reporting, explaining h … more…

Insiders Detail How Bottom Line Drove Credit Ratings

When it comes to diagnosing the root of the current financial crisis, the main culprits have become familiar: mortgage lenders and Wa … more…