Securities industry
Michael Lewis: Trump's Approach To Government Shows 'Neglect And Misunderstanding'
Lewis' new book, The Fifth Risk, examines three federal departments under Trump: energy, agriculture and commerce. He warns that half of the top 700 positions in the administration remain unfilled.
Is The Justice Department Shying Away From Prosecuting Corporations?
ProPublica reporter Jesse Eisinger says that the government undermines the notion of equity and fails to deter crime when it allows large corporations to settle lawsuits by paying fines.
'Black Edge' Recounts The Biggest Insider-Trading Scandal In History
Sheelah Kolhatkar discusses the investigation of billionaire hedge-fund trader Steven A. Cohen. She says the ways Wall Street elites accumulate wealth often negatively affect the rest of the country.
Nearly Three Years After Dodd-Frank, Reforms Happen Slowly.
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.
Rating The Wall Street Ratings Agencies
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.
How 'Reckless' Greed Contributed To Financial Crisis
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.
How Some Made Millions Betting Against The Market
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.
Examining Bernie Madoff, 'The Wizard Of Lies.'
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.
Reich Blames Economy's Woes On Income Disparity
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.
Wall Street and "The New Politics of Personal Finance.”
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).