Apr 19 Watch Fraud Charges Feed Financial Reform Debate With the SEC filing a civil charge against Wall Street powerhouse Goldman Sachs, accusing it of defrauding investors, Jeffrey Brown speaks with University of Maryland law professor Michael Greenberger and attorney John Singer about the fallout for the firm and… Continue watching
Apr 16 Watch News Wrap: Bank Regulators Defend Oversight of Failed WaMu In other news Friday, federal bank regulators came under fire in the Senate for their role in the Washington Mutual bank failure, and President Obama renewed his calls to rein in the derivatives market in the financial system. Continue watching
Apr 16 Watch Goldman Sachs Could Face Sanctions, Fines After SEC Fraud Charge The SEC charged powerful investment bank Goldman Sachs with defrauding investors in the runup to the subprime mortgage crisis. Jim Lehrer talks to a Washington Post reporter about the charges. Continue watching
Dec 11 Watch House OKs Sweeping Wall Street Overhaul The House on Friday voted 223 to 202 in favor of the most far-reaching overhaul of financial regulation since the Great Depression in hopes of averting a repeat of last year's banking crisis. Kwame Holman reports. Continue watching
Oct 14 Can We Identify Bills that Led to Deregulation Over the Past 30 Years? Question: I’m amazed that we have not seen an historical listing of the series of federal bills from Reagan’s administration, as well as Clinton’s and Bush II, that would identify a series of “deregulating” events that contributed to the current… Continue reading
May 20 Why Were Banks Allowed to Bet on Derivatives? Question: How did the dollar volume of U.S. mortgages get to be such a huge dollar problem? Did derivatives do that? Why are investment banks allowed to bet 34 dollars for only one they have? Paul Solman: First, a word… Continue reading
May 14 What’s the Story With Regulating Derivatives? 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… Continue reading
May 13 Treasury Seeks More Regulation of Risky Derivative Trades By Admin, PBS News Hour The Obama administration is seeking new authority to oversee the virtually unregulated market for derivatives, a class of exotic financial instruments that includes the risky contracts that helped cripple insurance giant American International Group. Continue reading
Apr 16 Is Congress to Blame for Failing to Regulate the Financial Sector? Question: On the Newshour a few weeks ago, there was a piece about the bonuses being paid to AIG’s Financial Products Division. In that coverage, one guest mentioned regulators were blocked from overseeing… Continue reading
Mar 12 How Are Losses on Mortgage Derivatives Calculated? 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… Continue reading