In other news Friday, the federal government began a criminal probe into financial firm Goldman Sachs, following the civil charges launched by the Securities and Exchange Commission. The government also reported that consumer spending helped lift the economy last quarter,…
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.
Lawmakers moved closer to passing sweeping reform of the financial system as a Senate panel approved new regulations for the complex derivatives market with the backing of GOP Sen. Charles Grassley of Iowa. Jeffrey Brown talks to experts about derivatives…
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…
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.
Greece's financial woes are causing problems on its own shores, as public workers protested government cuts Wendesday. But the debt crisis is making waves abroad as well. Jeffrey Brown talks to Roben Farzhad with Bloomberg Business Week for more.
President Obama announced Thursday plans to tax the nation's biggest banks to recoup TARP costs. But not everyone thinks this is such a great idea.
The Obama administration's pay czar, Kenneth Feinberg, has set a $500,000 limit on executive compensation at bailed-out financial firms. In an interview with Judy Woodruff, Feinberg explains the pay cap.
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