Topic: American International Group Inc.
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Oliver Stone on Wall Street, Gordon Gekko, and Hugo Chávez
Oliver Stone talks about his two latest films, “South of the Border” and “Wall Street: Money Never Sleeps.”
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Finance bill: A mountain of paper, a molehill of reform
The American people will continue to have to foot the bill for the mistakes of Wall Street’s biggest banks because the legislation does nothing to diminish their economic and political power.
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What happened to all that anger over CEO pay?
Now that most of the firms that received taxpayer money have paid back the government, they're setting their own compensation levels again. CEOs of major US firms make nearly 300 times the wage of the average American worker.
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Economic collapse: Don't blame the free market
A more realistic view is that a housing boom and bust happened to strike a fragile financial system whose fragility was worsened by ill-conceived government interventions.
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Consumer credit plunges despite low interest rates
Consumer credit plunged by $9.15 billion, suggesting that Americans are still wary of taking on new debt.
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Is Obama a socialist? What does the evidence say?
Some critics cite government 'takeover' of business and 'giveaways' to the poor as signs that President Obama is a socialist. Members of the Socialist Party are among those who disagree.
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Gargantuan financial reform bill: It's not just for banks
The financial reform bill awaiting final votes in the House and Senate encompasses everything from banking to insurance to African minerals used in high-tech gadgets. Is that a good thing?
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Financial reform bill: What does it do about firms deemed 'too big to fail'?
Financial reform legislation hammered out Friday between the House and Senate is the biggest set of new bank regulations since the Depression. But experts disagree on whether it can eliminate 'too big to fail' banks and prevent future bailouts.
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Opinion: Why less government spending would mean less economic trouble
Many economists say deficit spending is crucial to keeping the economy moving. But history tells a different story.
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Joe Barton's big business apology
Americans are now having the sharpest and most emotional debate we've had in more than a century over a deceptively simple question: Which do we trust less – big business or big government?
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Five big decisions as House, Senate confer on financial reform
Members of Congress began work Tuesday to resolve differences in the House and Senate versions of financial reform legislation.
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The Fed blurred the line between monetary and fiscal policy. Who'll clarify it?
By taking bold actions during the financial crisis, the Fed ventured into fiscal policy. Now, Congress is pushing back.
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Opinion: The real cost of US debt
At least $8.3 trillion of the national debt is missing from the government’s books.
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After Bernie Madoff, knowing who to trust with your investment funds
When the Bernie Madoff affair shocked the nation, investors began wondering who they can trust. What matters more in an investment manager: the quality of an individual or the institution? How the pros pick who to trust with their investment funds.
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Financial reform: Will the next crisis be handled differently?
Financial reform debate centers around a key question: Will reform mean that the economy is better protected? Here is a look at pros and cons in the debate.
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Hefty bank taxes sound nice, but are they the solution?
One option the government should consider is imposing a taxes on each bank equal to the government’s future cost of bailing it out. The more risky a bank's investments, the higher the taxes.
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Will financial reform end big bank bailouts?
Lawmakers are pledging to end bailouts in the financial reform bill that the Senate is considering now. But many experts say bank bailouts can and will occur again.
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The bailout's costs are big – but falling
Washington's bailout of Wall Street will likely cost far less than originally expected.
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Goldman Sachs hearing: Is Congress missing the point?
Senators in Tuesday's Goldman Sachs hearing browbeat the firm for profiting on its pessimistic view of the mortgage market. But the bigger problem, perhaps, was the irrational optimism.
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Break up the banks: Why we must limit the size of banks
"Too big to fail" means too much political leverage and too much power over Washington.
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Shareholder groups seek to limit corporate contributions
Shareholder groups aim to keep a lid on companies’ political spending in the wake of Citizens United v. the Federal Election Commission, a case in which the Supreme Court eased restrictions on corporate campaign spending.
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Fed in hot water over secret bailouts
The Fed bailed out Bear Stearns without authorization from Congress or informing the public.
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Fraud on Wall Street: Where has SEC been?
In the wake of recent confirmation that Lehman Brothers' balance sheet was bogus, the Securities and Exchange Commission has announced it will look into the accounting practices of two dozen other financial firms.
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On the Brink, In Fed We Trust, Too Big to Fail, and How Markets Fail
Four books offer insight into the 2008 financial crisis that shook the US economy.
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The Big Short
Michael Lewis ("Liar's Poker" author) makes a brisk, illuminating story out of the run up to the 2008 financial collapse.
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