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Senators
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Latest Headlines
Richard Bove responds to critics of his Goldman Sachs report
Richard Bove made headlines yet again when he issued a report to clients recently that cast great doubt on the idea that Goldman Sachs net short the mortgage market at the peak of the financial crisis. The issue is white hot in part because a few Senators think Goldman Sachs CEO Lloyd Blankfein mi
Study: Congressmen trading on non-public info
Say it ain't so, please!
Members of Congress could not possibly be enriching themselves by trading illegally on inside information? Correct?
Well, one study published by Business and Politics --the work of several university professors--has found that members of the House Repre
What the elections mean for Wall Street
The die would appear to be cast for the next Congress, with the Democrats having been dealt a blow. But that hardly means top financial services firms are suddenly looking better. For top banks, the elections are basically a wash.
Dodd-Frank is not likely to be repealed or even tinkered with.
Any risk from self-evaluations on Wall Street?
The recent hearings over Goldman Sachs' ( NYSE: GS ) CDO ( CDO news ) practices were notable for the fact that the Senators used employee self-evaluations against them. Bloomberg notes that some on Wall Street may be wondering what kind of risk such evaluations impose in the future. While
Blankfein says he will not quit
The public opinion battle pitting key Senators against Goldman Sachs ( NYSE: GS ) continued on ABC' s "Good Morning America." Nothing new emerged except Lloyd Blankfein's ( Lloyd Blankfein news) statement that he will not resign. He has certainly taken a beating. His performance at the Sen
Credit rating agency execs tell it like it is
Former employees of Standard & Poor's and Moody's testified about the credit rating process when it came to exotic offerings. Apparently, there was a "disconnect" between management and the analytical employees managers who assigned bond ratings. He told Senators that management placed lots of
Regulatory arbitrage a good thing?
The whole idea behind a single financial regulator was that it would end the practice of "regulatory arbitrage." Some have put forward the theory that various entities can indeed play regulators off one another: The SEC vs. the CFTC, or the FDIC vs. the OCC, and so on.
A few senators, led by C
Will AIG execs do the right thing?
And so it has come to this . There are armed guards being posted outside AIG offices in Conn., death threats showing up in employee inboxes, senior managers submitting their resignation, employees going AWOL and perhaps most shockingly, a prominent senator suggesting AIG executives leave th
Pequot Capital saga not over yet
The SEC has closed out its controversial probe of possible insider trading at hedge fund Pequot Capital, but two senators aren't willing to give up just yet, reports Portfolio . Charles Grassley, on the Senate Finance Committee, and Arlen Specter, on the Judiciary Committee, have asked Arthur S
Bailout plan passes Senate, moves to House
Is there any doubt that the bailout plan has become a political issue now? Substantively, the bailout plan that passed the Senate was really not much different from the one that was soundly rejected just days earlier by the House. But Senators had a few inducements that their House counterpart
