LONDON, Dec 11- Europe's heavy industry is firing a barrage of legal challenges to cuts in the carbon permits they will get up to 2020- subsidies worth over 4 billion euros- with at least nine firms opening the assault in a Dutch court.» Read More
A seasoned hedge fund manager told CNBC Thursday that he expects to see more actions like those of the securities-fraud charges against Goldman Sachs.
ACA, the main investor in a failed mortgage-securities deal that prompted fraud charges against Goldman Sachs, appears to have caused some of the $1 billion loss itself, CNBC has learned.
The government’s case against Goldman Sachs is about to get its first public airing, in what could be a gripping preview of the legal battle to come. The New York Times explains.
“Stockholm syndrome” – in which captives become sympathetic to their captors – is to blame for the “extremely limited” efforts at improved regulation seen since the financial crisis, the FT reports.
President Barack Obama told CNBC Wednesday that there was no connection between the White House’s push for financial reform on Wall Street and the civil fraud charges filed against Goldman Sachs spacer on Friday.
The government's case against Goldman Sachs revolves in part around whether the investor that selected the toxic securities at the center of the case also could be the primary victim.
The Securities and Exchange Commission's civil fraud suit against Goldman Sachs "reeks" of political motivation, Rep. Darrell Issa (R. Calif) told CNBC.
The Securities and Exchange Commission knew that Allen Stanford was involved in a Ponzi scheme as far back as 1997, according to a report released Friday by SEC Inspector General David Kotz.
A financial regulatory reform bill is needed to prevent taxpayers from having to bail out "too big to fail" investment banks in the future, Austan Goolsbee, chief economist of the White House Counsel on Economic Advisors, told CNBC Tuesday.
The head of the Federal Deposit Insurance Corp. said Monday that the U.S. needs better lending standards to avoid a recurrence of the 2008 financial crisis.
Jeffrey Miron's sabbatical at the National Bureau of Economic Research in Cambridge, Mass. in the second half of the 1980s didn't turn out the way he expected. He gradually abandoned macroeconomics to focus on drug policy and economics in crime.
If you are a legal medical marijuana patient on the East Coast, getting your hands on your medicine could be a matter of life or death.
In most states the legalization of marijuana is not even on the horizon. In some cases, there is a long history of conservative thinking or politicians are vehemently opposed to drug use. Call it cannabis non gratis.
Employers who operate in the 14 states where pot is now legal as a prescription painkiller are struggling to reconcile zero-tolerance drug policies with a patient’s right to get high.
The pro-pot lobby is basically like any other: PACs and big-name contributors, and meetings at The Capitol, even the White House. It's the new Norml, so to speak. And the new message? It's the economy, dude.
The war on drugs has always been expensive and its effectiveness debatable, but in the current budget-crunch environment, it's more of a target than ever. Proponents of legalization say billions of dollars could be saved in law enforcement costs. Opponents say the fight is working and worth it.
We learned a valuable lesson with alcohol prohibition in this country. Prohibition created black markets and violence as gangs fought to control the market. The same thing is true today.
Marijuana laws differ drastically state-to-state. Alaska, California, Colorado, Hawaii, New Mexico and Oregon are the most lenient, but Maine, Massachusetts and Rhode Island are catching up.
My feelings concerning the use of marijuana as a recreational drug have gone back and forth over the years. We should examine the question of legalization with a new national commission.
It’s a myth that cops, supposedly reflecting the will of an increasingly enlightened society, are no longer enforcing pot laws, or doing so only half-heartedly. Legalization will free police officers to concentrate on crimes that inflict the deepest fear, pain and loss.