Legislation Regulations

  • Former New York Governor Eliot Spitzer hasn’t learned a thing from his recent ordeals and has destroyed as much value as anybody else in America, Kenneth Langone, former director of the New York Stock Exchange, told CNBC Tuesday.

  • Former Enron CEO Jeff Skilling (AP Photo/David J. Phillip)

    Former Enron CEO Jeffrey Skilling is appealing his 2006 conviction to the Supreme Court.  In a 50-page petition filed Monday afternoon, Skilling's attorneys argue the conviction should be overturned because he did not put his own interest above Enron's as the government claimed, and because the Houston jury that convicted him was prejudiced by "pervasive media coverage."

  • Long term banks must change their behavior or they’ll be right back where they are now. And Stifel Financial CEO Ron Kruszewski has some ideas.

  • Businessman

    As the government pours billions of dollars into the struggling U.S. banking system, it's  apparently coming up with another type of rescue—jobs for financial professionals..

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    Over the past month or so the financial sector has surged about 35% higher. Did the stress tests end the financial crisis?

  • Uncle Sam taking money out of your wallet

    It is an alluring way to pay for the ambitious plan to expand health coverage to the nearly 50 million people who are now uninsured. Simply put, the government would tax the people who already have the most expensive health benefits, as provided by their employers.

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    While sifting through the results of the stress tests, the traders were stunned by a piece of breaking news.

  • Surgeons

    The Obama administration plans to spend $1.1 billion over the next few years on comparative studies to determine the effectiveness of competing treatments for common conditions like back pain, heart disease and prostate cancer.

  • Treasury Building

    Nouriel Roubini, co-founder and chairman at RGE Monitor, also known as Dr. Doom, feels the tests aren't stressful enough as the actual economic data are far worse than the worst case scenario.

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    CNBC’s Mary Thompson reveals the very latest details on the stress tests.

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    While Wall Street obsesses over stress tests, Congress is moving on to the next hot-bottom issue—new authority over big financial firms.

  • Wilbur Ross, chairman & CEO WL Ross & Co., says President Obama's proposed tax changes that target U.S.-based global companies, will be a huge mistake, as they will hurt U.S. corporations dependent on overseas growth and sales.

  • capital_money.jpg

    While Wall Street obsesses over stress tests, Congress is moving on to the next hot-bottom issue—new authority over big financial firms.

  • stanford_allen.jpg

    Allen Stanford, the Texas billionaire facing civil fraud charges, attempted to turn himself in at the federal courthouse in Houston on Thursday, but was turned away because there is no warrant for his arrest, his lawyer said.

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    The Supreme Court heard arguments on Tuesday in a case that could change the way big banks are regulated.

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    Few things have dominated the headlines like Barack Obama's agenda to fix America’s banks. Hopefully you can swim because we’re looking at a tidal wave of change.

  • SEC

    Federal regulators have won a court order freezing the assets of financier Danny Pang, whom they accuse of defrauding investors of hundreds of millions of dollars.

  • Bernard Madoff

    The trustee unraveling Bernard Madoff's Ponzi scheme is threatening legal action to recover $735 million from investors who unwittingly made money off the swindle.

  • Mortgage

    Banks have made it difficult for Congress to help homeowners negotiate lower monthly payments on mortgages and prevent higher credit card fees and interest rates.

  • Credit card swipe

    Federal regulators on Tuesday proposed some clarifications to sweeping new rules designed to shield consumers from unfair credit card practices.