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Goldman Sachs executives testified before a Senate committee about whether it used a large hedge fund to bet against the complex financial instruments it was marketing to investors. Jeffrey Brown gets two views on the hearings from financial writers Roger…
Executives of Wall Street giant Goldman Sachs defended their conduct before and during the financial crisis, as senators on both sides of the aisle accused the investment firm of wreaking havoc on the economy. Jeffrey Brown reports.
Newly released e-mails from Goldman Sachs executives reveal new information about what the company may have known as the housing market fell. Ray Suarez talks to a New York Times reporter about the e-mails and Tuesday's Senate hearings.
Jeffrey Brown takes a look inside the doomsday machine of the subprime lending crisis with author Michael Lewis in a conversation about his new book, "The Big Short."…
By Business Desk
Question: What’s going on with the just-announced regulatory reform of derivatives? Paul Solman: Plenty. And you could say it’s about time. One of the leading scandals of recent years (and that’s no easy feat, considering how crooked a track…
By PBS NewsHour
Telling lawmakers that the U.S. financial system has grown "too unstable and fragile," Treasury Secretary Timothy Geithner rolled out the Obama administration's plans Thursday for a massive overhaul of the government's financial oversight role.
Question: If there is no way to currently value the mortgages on which the value of derivatives (collateralized mortgage obligations, etc.) depend, how are losses on those derivatives — such as AIG $62 billion…
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