The Securities and Exchange Commission has filed civil fraud charges against Angelo Mozilo, head of the Countrywide Financial mortgage firm, for misleading investors about the company's lending practices. Analysts assess the case's impact.
By Admin, PBS NewsHour
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.
A prominent Wall Street trader was arrested on charges of massive fraud that may cost investors $50 billion. Wall Street Journal reporter Tom Lauricella discusses what may be the largest fraud scheme in the history of Wall Street.
Question/Comment: With all the discussion of the mortgage crisis, there is still hardly any mention of actually cleaning up the mortgage industry. The "experts" all seem to be on the side of the status quo, but maybe this is contributing…
Bank of America plans to acquire Countrywide Financial, the nation's largest home loan lender, as part of a "rescue deal" intended to help ease the impact of the subprime mortgage crisis. BusinessWeek senior writer Roben Farzad explains the ins and…
The Supreme Court heard arguments Tuesday about the liability of company banks and accountants in corporate fraud cases and rejected an appeal by a German man who claims the CIA kidnapped and tortured him. Marcia Coyle of the National Law…
On Tuesday, Apple Inc. CEO Steve Jobs unveiled the company's latest product, the much-anticipated iPhone, at the annual MacWorld conference in San Francisco. A business journalist talks about smartphone technology and Apple's future as a whole.
By PBS NewsHour
President Bush on Thursday nominated Rep. Christopher Cox, R-Calif., to lead the Securities and Exchange Commission after current Chairman William Donaldson announced his departure effective June 30.
President Bush on Tuesday selected longtime Wall Street executive William Donaldson to serve as chairman of the Securities and Exchange Commission and to help restore confidence in markets shaken by a wave of corporate financial scandals.
Securities and Exchange Commission Chairman Harvey Pitt resigned late Tuesday night, citing the continuing political turmoil surrounding his chairmanship as a reason for his departure.
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