Tag:
Inspector General
Latest Headlines
Latest Headlines
Why wasn't Fabrice Tourre's boss at Goldman Sachs charged?
Recall that the SEC chose to charge only one individual when it filed its ABACUS civil suit against Goldman Sachs (NYSE: GS ). That individual is the now-infamous Fabrice Tourre, who is still fighting the charges and could go to trial against the SEC ( SEC news). A subsequent inspector gener
SEC cleared in Goldman Sachs case
The political backlash over the SEC's civil fraud charges against Goldman Sachs was built on the notion that the agency timed the announcement of the charges to buttress the case for financial reform and to blunt the news that it had botched the Allan Stanford investigation. But a report by the SE
Were Goldman Sachs charges timed to bury report on Stanford probe?
Goldman Sachs (NYSE: GS ) supporters hold that the SEC's recently settled charges against the firm were politically motivated. Some maintain the agency was desperate to nail a big fish--and Goldman was certainly a big fish. But there have also been more specific charges. Some say the agency was
Former SEC attorney to be charged in Stanford case?
Is the revolving-door about to slam shut on a former SEC attorney? The Inspector General of the SEC, in testimony before Congress, has revealed that a former SEC attorney who investigated Allen Stanford--a high profile case--perhaps improperly sought to represent the indicted financier. CNBC i
AIG mystery continues
One of the biggest mysteries of the financial crisis is why the Fed decided to approve and essentially pay for AIG ( AIG ) to buyback CDOs from a bunch of banks, including Goldman Sachs( GS ), at par. Many remain puzzled why the banks were not asked to take a haircut.
Bloomberg has tak
Case study: New Frontier Bank
In mid-2007, the FDIC told New Frontier Bank , which had enjoyed some glowing press, that it need to slow growth and add capital. The FDIC cited weak management, a rise in bad loans and an increased reliance on brokered funds, reports Bloomberg, in an eye-catching look at a failed small ban
Damning report on Madoff scandal
It's not secret that the SEC really blew the Bernie Madoff Ponzi scheme opportunity. It had ample opportunity to blow the lid off the massive fraud, but it couldn't rise to the occasion. Yet more confirmation comes from the SEC's own inspector general, who has issued his report on the matter.
Madoff meets with SEC official
Bernard Madoff spent three hours chatting with an SEC enforcement honcho this week at the New York Metropolitan Correctional Center, where he is awaits sentencing. SEC Inspector-General David Kotz is investigating what federal securities regulators knew and didn't know about Madoff's long-running
Did banks cook books for TARP funds?
There's been a lot of concern about TARP banks and what they've done while on the public dole. Many of these controversies fell into a gray zone: Are customer conferences a no-no in every and all
Goldman Sachs anger erupts in Washington
Goldman Sachs is coming under increasing fire on Capitol Hill, for its unapologetic acceptance of $13 billion in payments from AIG, part of the troubled insurer's effort to make counterparties whole. The funds came from the U.S. government, of course.
The bank's recalcitrant stance has whipped
