Lawsuit suggests employees across Morgan Stanley understood the housing market was in trouble and exploited that knowledge to bet against securities and unload garbage investments on the unsuspecting. The bank denies wrongdoing.
The same critics who assailed Fannie Mae and Freddie Mac are now attacking the Federal Housing Administration. They were wrong then and they are wrong now.
Obama sweeps into his second term with real advantages, including stronger appointees and more senators on his side. But the problems run so deep that he is unlikely to solve them.
Tax code favors debt over equity, fattening bank profits and weakening the financial system.
Aided and abetted by Congress, the Securities and Exchange Commission deregulates as if the financial crisis never happened.
About The Trade
Recent Stories by Jesse Eisinger
- Obama Stands At Crossroads On Financial Reform
- Senator Demands Answers on Red Cross’ Finances
- How Fear Of Occupy Wall Street Undermined the Red Cross’ Sandy Relief Effort
- The Wall Street Takeover of Charity
- Red Cross’ Latest Claim Includes ‘Donations of Blood’
- The Red Cross CEO Has Been Serially Misleading About Where Donors’ Dollars Are Going
- Now What? Failed Allergan Deal Strains Valeant