Dec 18 Watch New Financial Team to Tackle Obama’s Calls for Oversight President-elect Barack Obama called for more regulatory reform as he announced his picks for key financial positions, and tapped veteran securities regulator Mary Schapiro to head the Securities and Exchange Commission. Continue watching
Dec 17 Watch SEC Looks Inward at Regulators’ Handling of Madoff Case The SEC chairman has criticized his own agency's failure to investigate warnings about Bernard Madoff, who is accused of a massive fraud scheme. Analysts examine the SEC's inquiry. Continue watching
Dec 17 Is the Bernard Madoff Financial Fiasco Tied to the Global Economic Meltdown? By Business Desk Question/Comment: How is the Bernard Madoff financial fiasco tied to the global economic meltdown? Is it just a timely coincidence? The thought of a connection somehow seems important. Paul Solman: Let’s see if I can resist the urge to make… Continue reading
Dec 17 SEC Chief Rebukes Own Agency in Madoff Case By Admin, PBS News Hour The Securities and Exchange Commission issued an unusual rebuke of its own regulators Tuesday night over its failure to investigate Wall Street money manager Bernard Madoff, now accused of widespread fraud that bilked investors of billions. Continue reading
Dec 16 Watch Madoff’s Wall Street Schemes Snare Several Prominent Investors The size of the scandal surrounding Wall Street trader Bernard Madoff's alleged fraud continues to unravel, drawing in charities, foundations and top investors. Mort Zuckerman, the head of a charitable trust caught up in the schemes, and an SEC analyst… Continue watching
Dec 12 Watch Prominent Trader Charged With Multi-billion-dollar Fraud A prominent Wall Street trader was arrested on charges of massive fraud that may cost investors $50 billion. Wall Street Journal reporter Tom Lauricella discusses what may be the largest fraud scheme in the history of Wall Street. Continue watching