The Trade
Hold Companies, Executives and Government Officials Accountable
In this column, co-published with New York Times’ DealBook, Jesse Eisinger monitors the financial markets to hold companies, executives and government officials accountable for their actions.
In Proposed Mortgage Fraud Settlement, a Gift to Big Banks
Under terms being negotiated with state attorneys general, banks would be allowed to treat second liens like first mortgages — and to avoid coming clean on the true extent of their losses.
A Test Where the Banks Had the Questions and the Answers
Later this month, the Federal Reserve is going to let banks know how they did on its most <a href="http://www.nytimes.com/2010/11/18/business/18bank.html?_r=2">recent round</a> of “stress tests.”
Goldman’s Self-Help: Eat, Pay, Trade
Looking inward in the grand tradition of American self-improvement, the investment bank promises to be nicer and more transparent, but ignores the structural problems that helped ignite the financial crisis.
Standard & Poor’s Triple A Ratings Collapse Again. The Question is Why?
Two weeks ago, Standard & Poor’s put out a press release: The credit rating agency warned it was poised to <a href="http://www.bloomberg.com/news/2010-12-15/s-p-says-it-incorrectly-analyzed-re-remic-mortgage-bonds.html">downgrade</a> almost 1,200 complex mortgage securities.
Where Are the Financial Crisis Prosecutions?
You may have noticed that prosecutors in this country are in something of a white-collar slump lately.
Trading for the Client? Or Winning on Its Own?
The regulatory overhaul of the financial system that passed last summer scored a big victory: It barred investment banks’ wagering with their own capital. Many expect Wall Street will find a way around these rules.
The Dukes of Moral Hazard: The Dangers of Quantitative Easing
Across the world, there are booms. Chinese Internet companies are flourishing. Energy companies are finding new sources of power. Commercial real estate is coming back.
