Aug 22- Goldman Sachs Group Inc could pay about $1.1 billion to settle claims from the U.S. housing finance regulator that it sold bad mortgage-backed securities, the Financial Times reported.» Read More
President Barack Obama is preparing to travel outside Washington in the coming weeks to sell his proposal for financial regulatory reform to the country.
As Wall Street considers the implications of the Goldman Sachs fraud investigation European governments and regulators are beginning to formulate their response.
Government lawyers are facing many potential pitfalls as they attempt to prove the civil fraud charges against Goldman Sachs.
Accusations that Goldman defrauded customers who bought investments tied to risky subprime mortgages have only just begun to reverberate through the financial world, reports the New York Times.
The overhaul is the next major piece of legislation that Obama wants to sign into law this year, but solid GOP opposition in the Senate is jeopardizing that goal.
You don’t have to be the director of the world’s highest grossing film to get a meeting with the President at the White House. But it doesn’t hurt.
The SEC filed a civil suit against Goldman Sachs on Friday accusing the financial giant of making "misleading statements and omissions" in connections with CDOs that were structured and marketed to investors.
So much is being written in the mainstream media about who the tea partiers are, but very little is being recorded about what these folks are actually saying.
As the Obama administration and Senate Republicans clash over the future of the nation’s financial regulatory system, there is one principle on which they agree: Taxpayers should never again have to bail out giant financial institutions.
New York Attorney General Andrew Cuomo confirmed his office is investigating former Obama administration auto industry advisor Steven Rattner, in a growing probe into illegal kickbacks involving the state pension fund.
The White House and Democratic Congressional leaders said Wednesday that they would press forward with legislation to tighten regulation of the nation’s financial system. Rebuffing Republican criticism, the Democrats effectively dared the minority party to side with Wall Street by opposing the measure.
"There are so many taxes, I have three different tax attorneys that have to advise me on them." Good for tax attorneys. But not good for so many others.
In the spirit of tax week, here's a terrific video hosted by my old friend Dan Mitchell showing how a flat tax would benefit American families and businesses.
The number of new tax laws in recent years has been staggering. In 2009 alone, the American Recovery and Reinvestment Act added hundreds of new provisions and changed many existing laws...And we haven't even begun to mention tax law changes affecting businesses.
I think it’s increasingly evident that the Fed’s exit strategy — the unwinding of fiscal stimulus policies that have been in place for some time now — is under way.
Tomorrow, President Obama appropriately pivots from nuclear terrorism to financial regulatory reform. The President set a deadline date for this bill to come to the floor and be finished by Memorial Day.
Avon Products has put four executives on administrative leave, including three in China and one in New York, as part of an investigation of bribery allegations.
I want a different regime. I’m calling it cowboy monetarism. What do I mean by that? I want Wall Street to be scared to death of the Federal Reserve. I don’t want them lying around in bed with the Fed — I want them running scared.
Sometimes you have to take out your political lenses and look at the actual statistics to get a true picture of the health of the American economy. Right now, those statistics are saying a modest cyclical rebound following a very deep downturn could actually be turning into a full-fledged, V-shaped, recovery boom between now and year-end.
Regulators failed for years to properly supervise the giant savings and loan Washington Mutual, even as the company wobbled under the weight of risky subprime mortgages, a federal investigation has concluded.