With unemployment still hovering near 10 percent, politicians are scrambling to push policies they think will create jobs.
LEHMAN BROTHERS - RICHARD FULD: Under Mr. Fuld’s leadership at Lehman, the company underwrote more mortgage-backed securities in 2006-07 than any other firm. The housing market crash showed Lehman's exposure to these high-risk financial instruments and the firm began to lose money. Fuld refused offers to sell, and the Treasury Department did not engineer a rescue, as it did for another investment bank. Lehman's bankruptcy in late 2008 also ended Fuld's job. Code Pink protesters hold up signs as Fuld testifies at a House Oversight and Government Reform Committee hearing in October 2008.
Sarbanes-Oxley's national board that monitors auditors of public companies violates the Constitution's separation of powers requirement, the Supreme Court ruled Monday.
The Supreme Court ruled Monday that a board overseen by the Securities and Exchange Commission operated under rules that violated the Constitution's separation of powers clause.
RUSSELL LONG - (D) of Louisiana - Dec. 31, 1948 to Jan. 3, 1987 - 38 years, 3 days: The son of a powerful Louisiana political family, Senator Long took over his father and mother’s Senate seat and helped President Lyndon Johnson push many of his “Great Society” social reforms through the Senate in the 1960s. Long is seen here in Washington, DC, in this undated file photo.
Second Amendment ruling will be handed down today as the Supreme Court has its last meeting until the fall.
The US Supreme Court narrowed the definition of 'honest services' fraud, throwing out a portion of Enron CEO Jeffrey Skilling’s conviction. It’s a blow to the Justice Department.
A proper market economy is moral in this way: It gives people what they deserve, not necessarily what they want or expect.
The bad news is that Washington has to make hard choices now to avert disaster. The good news is that some members of Congress are showing real political courage.