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Law Legislation

  • american_bank.jpg

    As if Washington’s attempt to rewrite financial regulation wasn’t complicated enough, Senate Banking Chairman Chris Dodd is reportedly ready to propose a radically different structure for banking supervision.

  • Wall Street

    Tougher financial rules have been stymied by industry lobbying, government turf battles and a stabilizing banking system. Some analysts fear another crisis is inevitable.

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    Iin light of evidence that some drug makers have gone to great lengths to turn scientific articles into marketing vehicles for their products, some influential medical editors are cracking down on industry-financed ghostwriting. And they are getting help from some members of Congress.

  • Bank of America

    It’s been four decades since the go-go years of the late 1960s, when hot mutual funds captured the imagination of investors by reporting performance that was too good to be true. It’s been so long that Bank of America seems to have forgotten what happened.

  • As Democrats have struggled to achieve bipartisan support on a health care reform bill, their one hope may come from Senator Olympia Snowe, Republican from Maine.

  • Coca-Cola bottles

    The debate over a tax on sugary soft drinks — billed as a way to fight obesity and provide billions for health care reform — is starting to fizz over.  President Obama has said it is worth considering. The chief executive of Coca-Cola calls the idea outrageous.

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    The SEC will discuss rules to improve oversight of the credit rating industry as well as a proposed ban  on flash trades—or buy and sell orders that exchanges send to a specific group of participants before revealing them publicly.

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    Treasury officials want to require the corporate owners of the nation’s 41 industrial banks to accept more rigorous regulation or be forced to sell or shut them down.

  • ForSaleHouse.jpg

    When Congress passed an $8,000 tax credit for first-time home buyers last winter, it was intended as a dose of shock therapy during a crisis. Now the question is becoming whether the housing market can function without it.

  • Finn M. W. Caspersen

    No one can know exactly what Finn M. W. Caspersen, a prominent philanthropist and the heir to the Beneficial Corporation fortune, was thinking when he decided to take his life on Labor Day.  But he apparently harbored a secret: He was suspected of dodging many millions in federal taxes.

  • Marijuana

    Tips for cultivating marijuana. Testimonials by patients about its medical benefits. Cannabis cooking lessons. Even citations for award-winning strains of pot. Viewers here can now watch, every week, what amounts to a pro-weed news program.

  • Danny Pang

    Authorities have ruled out foul play in the death of a financier accused of using millions of dollars from international investors to fund a lavish lifestyle complete with vacations and personal jets.

  • Hemp Plant

    Machete-wielding police officers have hacked their way through billions of dollars worth of marijuana in the country's top pot-growing states to stave off a bumper crop sprouting in the tough economy.

  • american_bank.jpg

    “I think it’s unraveling,’ says former FDIC Chairman William Isaac. “It is hard for me to see how this legislation gets done this year.”

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    Banks and credit unions have long pitched debit cards as a convenient and prudent way to buy. But a growing number are now allowing consumers to exceed their balances — for a price.

  • Secretary of State Hillary Rodham Clinton (AP Photo/J. Scott Applewhite)

    "Hillary: The Movie" is returning to the Supreme Court for a limited engagement and with the chance to overhaul laws governing federal campaigns ranging from the White House to the halls of Congress.

  • David Einhorn

    A recent court ruling that forced two ratings companies to defend fraud claims is a "game-changer" for the industry, said David Einhorn, head of Greenlight Capital.

  • Stethescope and money

    Prospects for a government insurance plan appeared to be sinking fast Tuesday as lawmakers returned to Capitol Hill a day ahead of a major health care speech by President Obama.

  • Financial Crisis

    As we approach the anniversary of some of the most cataclysmic failures in our economic history, we appear to be in perhaps no better position to manage the failure of an investment bank, a hedge fund or an insurance company than we were before.

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    Britain's financial watchdog fined Barclays 2.45 million pounds ($4 million) on Tuesday for failing to provide accurate transaction reports and "serious weaknesses" in control systems in two of its divisons.