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Neil Barofsky on the failures of TARP
Jeff Horwich Jul 24, 2012
The Troubled Assets Relief Program -- TARP -- was the formal name for what we often just call "the bailout." In 2008 Congress allocated $700 billion to stabilize the U.S. financial industry. Congress and President Bush assigned one man to build a team, and police all that spending.
New fears of Spanish bailout rise
Stephen Beard Jul 23, 2012
Overseas markets are sliding this morning on new worries about Spain. After last week's bank bailouts, that seemed like an end to the country's crisis, Spain's borrowing costs are up again to 7.5 percent.
Facebook as vigilante: Scanning for predators
Jeff Horwich Jul 13, 2012
A Reuters report investigating Facebook scanning policies has found out the social network may be going out of its way to partner with law enforcement in nabbing child predators. But what does this mean for user privacy?
Italian debt rating downgraded two levels
Stephen Beard Jul 13, 2012
In Europe today, the focus has shifted from Spain to Italy, in the ongoing EU debt crisis. Moody's credit rating agency has downgraded Italian debt to just two levels above junk status.
Europeans get vacation 'do-over'
Stephen Beard Jul 6, 2012
In Europe, high courts have upheld workers' right to reclaim vacation days marred by illness or injury.
European contraction impacts U.S. exports
Mitchell Hartman Jul 2, 2012
Exports have been one of the few bright spots in the U.S. recovery, but they're slowing down.
Why insider traders are big targets for prosecution
Jeff Horwich Jul 2, 2012
The brother of Bernie Madoff pleaded guilty on Friday and he's looking at 10 years in prison. But why are there so many insider trading prosecutions, but hardly any other prosecutions of the big fish on Wall Street?
Euro summit ends with two key agreements
Stephen Beard Jun 29, 2012
A summit of European leaders has yielded agreement on two key points. First, the EU as a whole will lend directly to banks wherever they get into trouble. Second, there's going to be a new agency to supervise banks across the continent.
European leaders reach deal to help banks
Jeremy Hobson Jun 29, 2012
There's a big EU summit going on in Brussels today, and it appears leaders have come up with an agreement that may help ease the debt crisis -- at least somewhat.
European leaders meet in Brussels, weigh options
Bob Moon Jun 28, 2012
EU leaders meet in Brussels today and tomorrow to seek solutions to the continent’s debt crisis, but some observers expect them to achieve little.
