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  • Greenspan, Others Face Grilling Over Financial Crisis Thursday, 23 Oct 2008 | 4:30 AM ET
    On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    Lawmakers have called key players from the past and present to congressional hearings in an effort to find out what caused the biggest financial crisis since the 1930s and determine how the government plans to get the nation out of the mess.

  • Lehman Executives Including Fuld Subpoenaed Friday, 17 Oct 2008 | 4:38 PM ET

    Prosecutors have subpoenaed a dozen executives of Lehman Brothers Holdings including Chief Executive Dick Fuld in connection with three grand jury probes investigating the fall of the investment bank.

  • Seidman: How Good a Landlord Will Treasury Be? Thursday, 2 Oct 2008 | 10:17 AM ET

    Under the new "bailout" — "rescue" — legislation, Treasury will be purchasing billions of dollars of mortgage-backed securities — mostly backed by subprime mortgages.

  • Poll: What Will It Take to Fix The Credit Crunch? Wednesday, 1 Oct 2008 | 10:59 AM ET

    Prospects for a financial rescue plan improved in Congress as the Senate prepared to vote tonight and two House leadrs said headway is being made. But the debate continues to rage about what the most effective solution is. What do you think?

  • How Your Tax Dollars Are Spent Monday, 29 Sep 2008 | 9:57 AM ET
    Do you know where your federal income-tax dollars go? The National Priorities Project, a non-profit organization, used data from the Office of Management and Budget to explain how each dollar is spent when it gets into Uncle Sam's hands. (Source: National Priorities Project: Where Do Your Tax Dollars Go 2008 Report.)

    Do you know where your federal income-tax dollars go? The National Priorities Project does. Learn how each dollar is spent when it gets into Uncle Sam's hands.

  • Obama Rejects McCain's Call for Debate Delay Wednesday, 24 Sep 2008 | 6:08 PM ET
    John McCain and Barack Obama

    The economic crisis and raw politics threatened to derail the first presidential debate as John McCain challenged Barack Obama to delay the Friday forum and join forces to help Washington fix the financial mess. Obama rebuffed his GOP rival, saying the next president needs to "deal with more than one thing at once."

  • How to Trade the Bailout: Buy Only the Best in Banks Wednesday, 24 Sep 2008 | 1:47 PM ET
    New York Stock Exchange

    In whatever form it takes, the government rescue plan for the nation's financial system should provide an entry point for investors looking to buy bank stocks again.

  • NY Insurance Honcho on CDS Move: No Land Grab Wednesday, 24 Sep 2008 | 8:24 AM ET

    Why is New York moving to regulate a complicated part of the derivative market? Because no one else was keeping an eye on it, says the state's insurance chief.

  • Congress Considers Auto Bailout Tuesday, 23 Sep 2008 | 6:33 AM ET

    A proposal to fund $25 billion in low interest loans to the auto industry was included on Monday in draft legislation that could be considered by the U.S. Congress later this week.

  • Indiana Sues Countrywide Over Lending Practices Monday, 25 Aug 2008 | 6:41 AM ET

    Indiana has sued Countrywide Financial, becoming the latest state to take the mortgage lender to court over its lending practices.

  • Merrill and Goldman Sachs Settle Auction-Debt Probe Thursday, 21 Aug 2008 | 6:11 PM ET

    Three more more financial firms, including Merrill Lynch and Goldman Sachs, reached settlements over the sale of auction-rate securities, a $330 billion market that collapsed in February.

  • Merrill's Thain, Cuomo Discuss Auction-Rate Probe Thursday, 21 Aug 2008 | 4:27 PM ET

    Merrill Lynch CEO John Thain met with New York Attorney General Andrew Cuomo on Thursday in an attempt to reach a settlement of the auction-rate securities probe, CNBC has learned.

  • Merrill Settles With Massachusetts on Auction Debt Thursday, 21 Aug 2008 | 1:27 PM ET

    Merrill Lynch reached a settlement with Massachusetts over auction-rate securities, the latest in a string a accords between regulators and Wall Street firms over the $330 billion market that collapsed in February

  • Cuomo Threatens to Sue Merrill Over Auction-Rate Debt Thursday, 21 Aug 2008 | 9:52 AM ET

    Merrill Lynch has until Friday to settle an auction-rate securities case with New York Attorney General Andrew Cuomo's office or it will face a lawsuit, Cuomo warned during a CNBC interview.

  • SEC to Propose New Rule on Short Sales of Stocks Tuesday, 19 Aug 2008 | 4:04 PM ET

    The top U.S. securities regulator plans to propose a new short selling rule in the next few weeks which would be broader than an emergency order covering just 19 financial stocks which ended last week

  • Debate Rages On as Short-Sale Rule Nears End Sunday, 10 Aug 2008 | 2:21 PM ET

    Short trading in 19 major U.S. financial stocks will revert to rules governing other shares Wednesday as a Securities and Exchange Commission experiment against abusive short selling expires.

  • Following are Thursday's biggest winners and losers. Even with today's rough market, there were a number of pops, such as an internet florist, a Canadian fast food chain and a certain star athlete making the move to the Big Apple.

  • Breaking Story: Merrill Lynch Buyback Thursday, 7 Aug 2008 | 10:43 PM ET

    Melissa Lee reports a breaking story linked to Citi's settlement and buyback of auction rate securities during tonight's "Fast Money." In an after-hours announcement, another Wall Street giant, Merrill Lynch, stated it too would buy back auction rate securities from its retail clients, who currently hold $12B of those questionable securities.

  • Merrill Will Be Next to Reach Securities Settlement Thursday, 7 Aug 2008 | 5:40 PM ET

    Merrill Lynch will follow Citigroup in cobbling together a settlement for clients who bought auction rate securities.

  • Ex-Refco President Sentenced to 10 Years in Prison Thursday, 7 Aug 2008 | 1:44 PM ET

    Tone Grant, the former president of Refco, once the largest independent commodities broker, was sentenced to 10 years in prison for his role in a $2.4 billion fraud that involved hiding huge trading losses from clients.

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