Financial crisis

It might be time to grab the commodities bull by the horns

Frank Holmes
January 27, 2017
Commodity investors have had to endure a dry spell for a while now, but those days are starting to look as if they might be behind us.

Fed's Powell: Yada, yada, yada

Howard Schneider
April 8, 2015
The effects of the financial crisis are posing new challenges for the U.S. economy. Top officials are trying to shift the focus from the timing of the first interest rate hike to the general trend of tightening that will come with it.

Judge Jed Rakoff wants someone to pay for the financial meltdown

Paula Dwyer, Bloomberg
November 15, 2013
At a meeting of New York City securities lawyers this week, Jed Rakoff did what he does best: challenge Establishment Thinking. "While the economy has slowly improved, there are still millions of Americans leading lives of quiet desperation -- without jobs, without resources, without hope." Then he asked: Who is to blame?

Derivatives bludgeoned by debt crisis making return

Abigail Moses
April 22, 2013
Investors are reviving credit derivatives trades they used to boost returns before the financial crisis.

Stephen Colbert on S&P lawsuit

Michael McFarlin
February 21, 2013
A couple of weeks ago, Standard & Poor's was sued by the U.S. government and a number of state governments for allegedly inflating credit ratings. Once again, Stephen Colbert brings his unique take on the S&P lawsuit.

S&P penalty may reach $5 billion from U.S. suit over ratings

Phil Mattingly and Edvard Pettersson, Bloomberg
February 5, 2013
The U.S. is seeking as much as $5 billion in penalties from McGraw-Hill Cos. and its Standard & Poor’s unit as punishment for inflated credit ratings that were central to the worst financial crisis since the Great Depression.

McGraw-Hill, S&P sued by U.S. over pre-credit crisis ratings

Edvard Pettersson, Bloomberg
February 5, 2013
McGraw-Hill Cos. and its Standard & Poor’s unit were sued by the U.S. over claims S&P knowingly understated the credit risks of bonds and derivatives that were central to the worst financial crisis since the Great Depression.

U.S. to file civil charges against S&P over crisis bond ratings

Phil Mattingly and Matt Robinson, Bloomberg
February 4, 2013
The U.S. Justice Department intends to file a civil lawsuit against Standard & Poor’s based on ratings in 2007 of certain collateralized debt obligations, the company said today.

Credit Suisse sued for deceiving investors by New York AG

Press Release
November 20, 2012
New York Attorney General Eric T. Schneiderman today filed a Martin Act complaint against Credit Suisse Securities (USA) LLC and its affiliates for making fraudulent misrepresentations and omissions to promote the sale of residential mortgage­-backed securities

Treasury official reflects on financial crisis

Press Release
September 14, 2012
Speaking at the American Banker Regulatory Symposium, Under Secretary for Domestic Finance Mary Miller reflected on what the country experienced as it went through the 2008 financial crisis and how it is emerging from it now.