Bernie Sanders vows to break up banks during first year in office
WASHINGTON — Democratic presidential candidate Bernie Sanders will pledge to break up the country's largest financial institutions within the first year of his administration should he win the White House next November. He plans to make that pledge in a…
Jean Tirole? Why did he receive the Nobel Prize in economics?
Jean Tirole, of the University of Toulouse, France, won the Nobel Prize in economics Monday for his work on markets and regulation. Although his name might not be well-known in the U.S., his work has been recognized as some of…
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Goldman Sachs Denies Misleading Investors in Senate Committee Hearing
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…
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Payday Lenders Face Increasing Scrutiny
Starting off a two-part look at plans to overhaul the nation's financial industries, Ray Suarez reports on the call for more regulation of payday lenders. These businesses have been criticized for preying on the poor by offering short-term, high-interest loans.
President Barack Obama proposed Wednesday sweeping changes to the way the government oversees financial institutions in an attempt to remedy the regulatory system that failed to detect the global economic crisis.
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.
Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke testified before Congress on the administration's handling of executive compensation for companies receiving federal loans and asked for expanded federal regulatory powers. Jeffrey Brown reports.
Following is the text of Sen. Barack Obama's economic address Thursday, March 27, in the Great Hall of New York City's Cooper Union:…
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