Financial crisis

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.
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.
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?
Investors are reviving credit derivatives trades they used to boost returns before the financial crisis.
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.
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 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.
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.
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
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.