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Law Legislation

  • Federal Reserve

    A congressional plan to audit the Federal Reserve's decision-making process poses a serious threat to the economy, former Fed governor Frederic Mishkin said.

  • Bernard Madoff

    Bernard Madoff's bankruptcy trustee and the law firm employing him submitted a $22.1 million legal bill covering five months of work.  Baker & Hostetler LLP is seeking $21.28 million of fees as counsel to court-appointed trustee Irving Picard for the five months ended Sept.

  • Stethescope and money

    With no margin for rebellion, Senate Democrats pushed toward a crucial weekend test vote on their sweeping health care bill Friday, and wavering moderates appeared to be falling in line on President Barack Obama's signature issue.

  • Twenty-six people were charged today with engaging in a scheme to steal more than $50 million from the Federal Communications Commission's Video Relay Service (VRS) program.

  • FED_RESERVE2.jpg

    A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group.

  • bank_crisis_01.jpg

    Government regulators will break up institutions whose failure would bring down the entire financial system, under an amendment Rep. Paul Kanjorski will introduce today.

  • Bank of America

    A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch, but a bank board member said much pressure was applied and Republicans charged that a committee inquiry was covering up the role of an Obama administration official.

  • Exchanging Money

    Afghanistan and Iraq, countries that receive billions of dollars a year in international support, are among the world's most corrupt nations, a watchdog group said in a report released Tuesday.

  • The Treasury Department, Justice Department, Department of Housing and Urban Development and the Securities and Exchange Commission plan to form a taskforce to devote more resources to discovering and punishing those who commit financial fraud, NBC News has learned.

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    The most important new antidiscrimination law in two decades — the Genetic Information Nondiscrimination Act — will take effect in the nation’s workplaces next weekend, prohibiting employers from requesting genetic testing or considering someone’s genetic background in hiring, firing or promotions. The New York Times explaines the ramifications.

  • Convicted Ponzi schemer Bernard Madoff may have loved the high seas as much as he loved deceiving clients of his firm, Bernard L. Madoff Investment Securities. Madoff owned not one, not two, but three boats, including a luxurious 56-foot yacht named "Bull."

    Convicted Ponzi schemer Bernard Madoff loved the high seas. All his boats were sold at auction by National Liquidators on behalf of the U.S. Marshal's Service. Click to see the images.

  • A man walks past a sign for a Pfizer facility in the Fort Trumbull area of New London, Connecticut.

    Pfizer said it would pull 1,400 jobs out of New London within two years and move most of them a few miles away to a campus it owns in Groton, Conn., as a cost-cutting measure. It would leave behind the city’s biggest office complex and an adjacent swath of barren land that was cleared of dozens of homes to make room for a hotel, stores and condominiums that were never built.

  • MBIA

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  • google_logo_blue.jpg

    Google and book publishers are expected to show a federal judge in New York a new settlement in the copyright lawsuit over Google's book-scanning project.

  • Gavel

    Khalid Shaikh Mohammed, the self-described mastermind of the Sept. 11 attacks, and four other men accused in the plot will be prosecuted in federal court in New York City, a federal law enforcement official said early on Friday.

  • Google Headquarters

    Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.

  • Intel's headquarters in Santa Clara, California.

    Intel has agreed to pay Advanced Micro Devices $1.25 billion to settle a longstanding dispute between the two companies.

  • Sen. Christopher Dodd, chairman of the Senate Banking Committee, told CNBC Wednesday that his version of the financial reform bill is a "discussion draft," and there is still room for debate over whether to create a single federal regulator, as well as whether to make an independent consumer protection agency.

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    Treasury secretaries have made "a strong dollar policy" the key part of their rhetoric, but the currency has lost nearly a fifth of its value.

  • Credit Cards

    Banks are struggling to make money in the credit card business these days, and consumers are paying the price. Interest rates are going up, credit lines are being cut and a variety of new fees are being imposed on even the best cardholders. The New York Times reports.