Archives: August 2009

Goldman Sachs: Not So Smart

Posted by: David Henry on August 31, Categories:

Lost amid the talk about Goldman Sachs being a vampire squid and making money from the subprime mortgage bust is the fact that the firm lost $6 billion trading, of...

The Subprime Gift that Keeps Giving

Posted by: Mara Der Hovanesian on August 26, Categories: bailout

A lot of overnight sensation subprime lenders imploded after the speculative housing market bubble burst. But many of the biggest subprime players that not only made oodles of profits during...

Medical debt, and the battle over health care

Posted by: Jessica Silver-Greenberg on August 11, Categories:

The Obama administration’s proposed overhaul of the health care system in this country has been met by the fiercest kind of resistance. Outrageous claims have been tossed around with abandon...

Battles over the consumer protection agency heat up

Posted by: Jessica Silver-Greenberg on August 06, Categories: regulation

Efforts at reform are usually met with fisticuffs. So it’s certainly not surprising that the Obama administration’s push for financial regulatory reform has lobbyists, bankers, and lawmakers geared up for...

Can July's autosales predict a recovery?

Posted by: Jessica Silver-Greenberg on August 06, Categories:

In these unusually gloomy times, everyone seems to be searching for any indication that the U.S. economy is finally on the rebound. Obviously, there are many indicators, we cling to...

TARP Bank CEOs Cash In

Posted by: Mara Der Hovanesian on August 03, Categories: banking

So much for pay-for-performance reform. A new study by Presidio Pay Advisors, a San Francisco-based compensation consulting firm, looked closely at the 115 publicly traded banks' compensation programs and found...