Nov 05 Watch Hedge Fund World Rocked by Insider-trading Charges Judy Woodruff speaks with a Financial Times reporter about 14 people facing insider-trading charges for allegedly netting $20 million in illegal profits. Continue watching
Sep 03 Watch Madoff Report Highlights SEC Lapses in Detecting Fraud A scathing report by an inspector general for the Securities and Exchange Commission has found the agency missed numerous chances to uncover Bernard Madoff's Ponzi scheme. A financial reporter and a law professor speak with Jeffrey Brown about the SEC's… Continue watching
Sep 02 Watch Other News: Worker Productivity Soars Most in 6 Years In other news, the Labor Department reported worker productivity jumped last spring by the most in six years, and an SEC investigation concluded that agency flaws enabled Bernie Madoff. Continue watching
Jun 19 Watch Other News: 2 U.S. Soldiers Killed in Afghanistan In other news, two U.S. soldiers were killed in Afghanistan on Friday after a bomb struck their convoy and billionaire Texas banker Allen Stanford was indicted on federal charges of fraud and obstruction. Continue watching
Jun 05 Watch Fraud Charges Filed Against Countrywide Mortgage Chief 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. Continue watching
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
Dec 12 Watch Prominent Trader Charged With Multi-billion-dollar Fraud 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. Continue watching
Aug 05 The “experts” all seem to be on the side of the status quo. Why can’t we hear from people inside the industry who really want to reform it? 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… Continue reading
Jan 11 Watch Bank of America Buys Struggling Mortgage Lender 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… Continue watching
Oct 09 Watch High Court Mulls Corporate Fraud Liability, Rejects Torture Case Appeal 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… Continue watching