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Justice Department sues S&P over securities ratings
Jim Burress Feb 5, 2013
In a lawsuit filed late Monday, the U.S. Department of Justice claims the credit rating firm Standard & Poor’s knew some $4 billion worth of mortgage-backed securities were risky.
Financial crisis fallout: Justice Department set to charge S&P
Kai Ryssdal Feb 4, 2013
Reports say the U.S. Department of Justice is preparing to bring civil charges against the credit ratings agency Standard & Poor's for their part in the financial crisis of 2008. Better late than never?
Short on tax revenue, Atlanta counties sue HSBC
Jim Burress Jan 28, 2013
The housing crash not only touched off a wave of foreclosures, it torpedoed property values and the taxes cities and counties collect off them. But some localities are fighting back in an effort to reverse their budget shortfalls.
Bank regulators loosen up on liquidity rule
Andrew Walker Jan 7, 2013
Regulators in Basel have decided riskier assets can be used as part of a bank's emergency buffer.
Former regulator Sheila Bair on the financial crisis
Jeremy Hobson Sep 25, 2012
It may be too early to assign blame for Europe's economic crisis, but it is not too early to figure out what went wrong in this country back in 2008. Sheila Bair headed the FDIC back then, and is out with a new book this morning, in which she says she saw signs of trouble in subprime mortgages way back in 2006.
Former Treasury official: AIG no longer 'too big to fail'
Stacey Vanek Smith Sep 10, 2012
The former Chief Restructuring Officer at the U.S. Department of the Treasury says the government could end up making $20 billion on the AIG bailout
Citigroup settles shareholder lawsuit for almost $600 million
Mark Garrison Aug 30, 2012
Four years after the financial crisis, it's like the chickens of 2007 and 2008 are finally coming home to roost.
Manos the Greek on funny side of economic crisis
Jeff Horwich Jun 25, 2012
Greece's lenders had planned a visit to the country today, but wouldn't you know it: the brand new finance minister's been fainting and sick to his stomach. If Greece weren't so sad, it'd be funny; maybe it's still funny -- at least one guy thinks so.
The future of Greece, and other financial crises
Kai Ryssdal Jun 19, 2012
A conversation with Neel Kashkari, the former head of TARP and now head analyst with PIMCO, on what Europe can learn from the U.S.'s own financial storm.
Why disclosure wasn't enough to stop JPMorgan losses
David Brancaccio May 22, 2012
After the financial crisis of 2008, regulators focused on the idea of disclosure to prevent further problems in the financial industry. But what happens when the bank itself doesn't know how bad things are?
