The Wall Street Reform and Consumer Protection Act was a sweeping legislative package designed to prevent another financial collapse. Journalist Gary Rivlin says passing the bill was just a first step in a long road to real reform, and the financial system is as vulnerable to disaster it was in 2008.
When Standard & Poor's recently lowered the U.S. government debt rating for the first time in history, it set off a firestorm of criticism, from the Obama administration to Wall Street. The downgrade raised questions about the influence of S&P and other agencies, which also faced blame in the financial crisis of 2007-'08.
Pulitzer Prize-winning financial reporter Gretchen Morgenson chronicles the failings of Wall Street regulators in Reckless Endangerment: How Outsized Ambition, Greed and Corruption led to Economic Armageddon.
ProPublica reporters Jake Bernstein and Jesse Eisinger recently won the Pulitzer Prize for their stories about the banks and hedge funds that realized what was happening to the U.S. economy while it was happening -- and then made vast fortunes by betting against the markets and creating fake demand.
New York Times financial writer Diana Henriques was the first journalist to interview Bernie Madoff after he was sent to prison. Henriques' new book, The Wizard of Lies, details how Madoff created the biggest Ponzi scheme in history after playing a prominent role in shaping modern markets.
Economist Robert Reich argues that the economy isn't going to get moving again until we address a fundamental problem: the growing concentration of wealth and income among the richest Americans. He explains his fears for America's economic recovery in Aftershock: The Next Economy and America's Future.
Daniel Gross is a New York-based writer and columnist for Investment News and the author of “Bull Run: Wall Street, the Democrats, and the New Politics of Personal Finance” (PublicAffairs). He has worked as a reporter at the New Republic and Bloomberg Business News. Gross is the author of Forbes Greatest Business Stories of All Time (Wiley, 1996).