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.
The House reform bill has already been passed, but the more influential bill written by Senator Dodd and the Banking Committee still faces debate in the Senate. It is crucial, for the sake of US financial stability and that of the world, that some of the bill’s shortcomings are recognized and remedied.
Although Republicans said Wednesday they will no longer seek to block floor debate in the Senate on financial reform, plenty of disagreement remains. Here are four sticking points.
Wonder why they missed the financial crisis? Or Bernie Madoff's Ponzi scheme? A government report obtained by ABC News reveals that SEC employees were focused on something else: porn.
March's employment numbers offer some hope, but not when you consider the amount of jobs lost during the recession and rate of growth of the national workforce.