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High-level Fed committee overruled finding on Goldman

A committee that includes senior Federal Reserve officials reviewed and overturned a bank examiner's finding that Goldman Sachs lacked a firm-wide policy to prevent conflicts of interest, according to a top Fed official.... Read more»

Banking Caucus: Wall Street's secret weapon in Washington

Lawmakers are helping industry donors beat back tougher rules. Every business sector has its friends in Washington. Financial companies — from the biggest megabanks to small payday lenders — have some of the best.... Read more»

Bank of America

BofA lied to homeowners & rewarded foreclosures, former employees say

Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.... Read more»

Comic: Wall Street

Machiavelli redux

Nearly 500 years ago, Italian diplomat and philosopher Niccolo Machiavelli wrote a treatise most notable for its candid assessment of the political behavior of princes and "great men."... Read more»

Comic: Politics

Buffett & Blankfein

Everyone's favorite billionaire, Warren Buffett is in the news, urging Congress to "stop coddling the super-rich".... Read more»

Smart v. Stupid

John Boehner’s job-killing budget cuts

If you voted for a Republican running on “jobs, jobs, jobs,” it’s time to admit that you were swindled. New reports by financial analysts tell us that the GOP budget cuts will cost 700,000 jobs—or more.... Read more»

The year in Wall Street investigations

Prosecutors, regulators, Congress and journalists spent the year uncovering financial shenanigans that brought the market to its knees. It's been marked by a few blockbuster settlements and more revealing investigations — as well as by some noticeable inaction. ... Read more»

Cheat sheet: Where the Fed’s trillions went

A provision in the financial reform law forced the Federal Reserve to disclose the details of the trillions it lent out at the height of the recent financial crisis.... Read more»

Think again

When money talks, who listens (besides politicians)?

Everybody knows money talks in politics, but people—and particularly the press—rarely pay attention to exactly how. It can define potential alternatives, invent arguments, inundate with propaganda, and threaten with merely hypothetical opposition.... Read more»

The New Democrats: A coalition Pharma and Wall Street love

When the Democrats took control of Congress in 2007 they promised a new era to end the excesses of what they labeled a Republican "culture of corruption." Today, however, many of the same techniques and tactics are still in use, this time by Democrats. ... Read more»

Banks' self-dealing super-charged financial crisis

As investors left the market in the run-up to the meltdown, Wall Street created fake demand, increasing their bonuses — and ultimately making the crisis worse.... Read more»

Opinion: Gloom and doom in U.S. news

Gloom and doom sell books. Bad news sells newspapers and grabs television viewers. Especially bad news about America and dire predictions about where the country is heading.... Read more»1

See Supreme Court nominee Kagan's financials

Before Elena Kagan was a Supreme Court nominee, she was Obama’s nominee for Solicitor General, a position she now holds. She was required to file a financial disclosure, and an ethics agreement – outlining potential conflicts of interest and what she plans to do about them... Read more»

Banking scandal: 'Why haven't we seen any convictions yet?'

There is growing evidence that fraud was at the heart of the current financial crisis. But so far, no high-level bank executives have been hauled off to jail. ... Read more»