A federal jury Thursday convicted a former Securities and Exchange Commission (SEC) lawyer for participating in 'pump-and-dump' schemes, where demand for a stock is pumped up by false statements before the shares are dumped for a large profit.
The Financial Crisis Inquiry Commission hearings have produced one moment of drama and a few theories from regulators and bankers about why the meltdown happened.
The financial reform bill passed Friday in the House spans many markets and regulatory activities. But some experts warn that the economy could remain exposed to bubbles, busts, and firms "too big to fail."
The US Supreme Court is considering whether an oversight board created by Congress intrudes on executive branch authority - the latest battleground in the dispute over separation of powers.
Raj Rajaratnam, who was arrested Friday for insider trading in the US, is also linked to a money-transfer case in Sri Lanka.
The Financial Stability Board could be looking at efforts to reform executive compensation by year-end.
Major banks say they won't honor IOUs that the state has issued. That could increase pressure on lawmakers – but it might not be the decisive factor.