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The Trade

Bank of America’s Legal Gambit: Keeping Reserves Low

A lawsuit over Bank of America's mortgage portfolio could cost the bank tens of billions more than it had planned, prompting critics to say the bank has not set aside enough for a settlement.

Friends in Low Places: Where The Real Lobbying Happens

To advise him on tax policy, Senate Majority Leader Harry Reid hires from a corporation infamous for avoiding taxes, while a bank regulator and a Beltway consulting firm swap top officials.

The .03% Solution

How a tiny tax on financial transactions could raise revenue and help the capital markets.

Explosive Charge: Morgan Stanley Peddled Security Its Own Employee Called ‘Nuclear Holocaust’

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 Latest Myth About the Government’s Mishandling of the Housing Market

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.

From Bernie Madoff to Steven Cohen, Enabling Suspiciously High Returns

It looks more and more as if Steve Cohen's returns at the hedge fund SAC have been generated not only through his trading brilliance but also through a culture of cutting corners. So why do major institutional investors still have any money with him?

New Financial Overseer Looks for Advice in All the Wrong Places

The new Office of Financial Research was created to conduct independent analysis of systemic risks to the financial system, but so far it suffers from poor design and too many ties to big finance.

No, Obama Isn’t About to Crack Down on Wall Street

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.

Jesse Eisinger

About The Trade

In this column, co-published with New York Times' DealBook, I monitor the financial markets to hold companies, executives and government officials accountable for their actions. Tips? Praise? Contact me at .(JavaScript must be enabled to view this email address)