Ricardo Salinas, the second richest man in Mexico, told CNBC Monday that the sale of illicit drugs should be legalized.
The blame for the real politicization of the process should be laid at the feet of Senate Minority Leader Mitch McConnell, who charged that Democrats wanted to create a system to bailout the banks.
While the focus in Washington this week is on the forensics of Goldman Sachs’ actions during the financial crisis, and the outlook for domestic financial regulatory reform legislation, scant attention has been paid to the need for reforms to bring greater safety and stability to the global financial system.
Bad enough that he bashes Wall Street, but this President has gone farther than any in modern history in putting the wrong kind of “bully” back into the pulpit.
A Senate Republican has called for the "strongest" derivatives rules, signaling that Democrats may get the votes needed to start debating their sweeping financial regulation bill Monday.
Bank defaults have begun to slow and will probably peak toward the end of this year, FDIC chairman Sheila Bair told CNBC Friday.
Goldman Sachs this last Friday was shocked to find themselves at the end of litigation from the SEC that they had misled investors about complex securities sold to investors.
As the Obama Posse rides headlong into financial reform, hellbent on putting new restraints on Wall Street, we are about to enter a cowardly new world.
While this is a heavy duty inside-the-beltway item, it has everything to do with whether the US government will be able to continue to prop up zombie institutions or pick winners and losers in the private sector.
The Goldman Sachs deal that is the target of a Securities and Exchange Commission lawsuit may have been legal, but the case has triggered a debate about ethics on Wall Street.
Goldman Sachs was both an underwriter and an investor in Lloyds Banking Group’s vast refinancing deal late last year, the FT has learned, highlighting the potential conflicts of interest at the heart of the investment bank’s business model.
The Volcker rule, a potential piece of financial reform legislation, could be “unilaterally disarming” to the growth of US institutions because the law would put them at a competitive disadvantage, a leading analyst told CNBC Thursday.
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.
Considering the President just scolded the Street for pushing the nation into recession, why are financials inching higher?
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.