Oct 28 Bill: Biggest Firms Would Fund Future Rescues By Dave Gustafson The U.S. government would be given broad new powers to shrink financial firms deemed "too big to fail" and shift the cost of rescuing troubled companies from taxpayers to other large firms, according to draft legislation released Tuesday. Continue reading
Oct 22 Watch Feinberg Hopes More Companies Adopt Executive Pay Rules The Federal Reserve curbed pay packages for executives of companies that received bailout money in an effort to discourage risky business practices. Jeffrey Brown speaks with executive pay czar Kenneth Feinberg. Continue watching
Oct 01 Bernanke Calls for ‘Council of Regulators’ By Carolyn O'Hara Testifying before lawmakers Thursday, Ben Bernanke reiterated a call for the Fed to be given supervisory powers over institutions that pose a systemic risk to the financial system, and proposed that a council of regulators help monitor risk. Continue reading
Sep 18 Watch One Year On, Hurdles Remain for Reforming Wall Street One year after the fall of Lehman Brothers' brought the global economy to the brink of collapse, questions remain as to whether the government has been tough enough on Wall Street. Experts explain why. Continue watching
Sep 16 What Financial Reforms Do We Still Need? Editor’s note: All this week on the Business Desk, we are featuring contributions from economists, financial journalists, and other experts on the origins and impact of the financial crisis. Today, we asked several experts to weigh in on the… Continue reading
Sep 16 A Year After Bailout, Uncertain Future for AIG A year after the U.S. government came to the rescue of insurance giant American International Group (AIG), the company has a new CEO and its share price is up. Yet the company's future remains uncertain. Continue reading
Sep 15 A Year Later: Which Reforms Have Made a Difference? Editor’s note: All this week on the Business Desk, we’ll be featuring contributions from economists, financial journalists, and other experts on the origins and impact of the financial crisis. We asked several experts to weigh in on the single… Continue reading
Sep 15 Watch Obama Touts Economic Policies in Health Care Push President Obama traveled to Pennsylvania and Ohio on Tuesday to tout his administration's economic policies. Separately, Federal Reserve Chairman Ben Bernanke said the recession is "likely over," but that a drop in the jobless rate is in all likelihood still… Continue watching
Sep 14 Watch One Year After Financial Crisis, Reform Questions Loom On the one year anniversary of the collapse of Lehman Brothers, Jeffrey Brown talks to economists and experts about what has been learned and the future of financial reform. Continue watching
Sep 14 Watch Obama Urges Wall Street to Embrace Stricter Oversight On the one-year anniversary of the collapse of Lehman Brothers, President Obama visited Wall Street to urge financial firms to remember the lessons of the economic crisis and to press for regulatory reforms. Continue watching