Pecora Commission

You think that the broker has your best interest at heart. They are, after all, working for you. You are paying them a commission. And you are living in America, the land of "everyday low prices." But you have been misled.
President Obama should note that President Roosevelt's slamming the bankers and financiers -- beginning with his inaugural address and right up through his campaign for a second term -- did not destroy the country's banking system.
Roger Lowenstein's piece "Wall Street: Not Guilty" is well worth reading, if only as a case study in the moral and logical blindness that's reached epidemic proportions among otherwise reasonable people in influential Washington and Wall Street circles.
A proper Senate confirmation hearing for Elizabeth Warren would allow her to explain in clear terms how "too big to fail" banks are are now involved in a hugely dangerous government subsidy scheme that presents a serious, nontransparent threat to consumers.
"The country, in 1933, was in no mood for nice distinctions between tax 'evasion' and tax 'avoidance,' " Pecora later recalled
"I think this crisis is so imminent and so difficult that I think we have to allow the so-called Bush tax cuts all to expire
The Financial Crisis Inquiry Commission, created by Congress to investigate and report on the causes of the market meltdown
Don Peck, writing in The Atlantic this month, shares Corcoran's concern: UPDATE 10.8.10: The economy sheds 95,000 more jobs
In 2001, it took 16 banks to control half of the market, Fed data show. One top FDIC official said the new bill, guided through
"If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved," Bernanke said Thursday while
WATCH the video here: To go along with their new expose on banks' self-dealing, NPR and ProPublica collaborated with "reporters
Formed in July of last year, the FCIC is charged with examining the root causes of the current financial and economic crisis
The government commission tasked with writing a public report to expose the causes of the financial crisis is keeping the
We live in the United States of Amnesia and selective memory. As we debate the breaking news, we easily forget the sequence of events that broke the bank and left us broke.
Richard Simpson is a dedicated career veteran who has spent more than 20 years in the SEC Enforcement Division, a rarity
We've compiled breaking updates of the Financial Crisis Inquiry Commission's hearing today on "the shadow banking system
April 23 (Bloomberg) -- Much of the discussion around the Securities and Exchange Commission case against Goldman Sachs Group
The WSJ's editors, hellbent on proving they are visiting from Alpha Centauri, defend the actions of Goldman as "more a case of hindsight bias than financial villainy."
We still don't know who did what to us, or why not much will change. The financial crisis investigation is a joke; prosecutions seem non-existent. Why?
The American people deserve a prosecutor to get to the bottom of this financial mess. They need someone who will hold the Alan Greenspans of the world accountable.