Word: crookedness
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But Charles Zelden, a history professor at Nova Southeastern University in Fort Lauderdale and an expert on judicial politics in Florida, says Rothstein could still "create a real mess" in the state's public arena. He doubts that Rothstein - who could be facing life in prison on the charges of...
A number of economists and policy analysts believe Caballero makes a lot of sense. Alex Pollock of the American Enterprise Institute says it's clear the foreign investors who bought the bonds of mortgage guarantors Fannie Mae and Freddie Mac served to fuel the housing bubble. Ohio State University professor...
Nonetheless, on Wednesday, in front of the Financial Crisis Inquiry Commission (FCIC), the bank executives tried to paint a picture that the failures that caused the crisis were missteps by management, sometimes even themselves, but not the result of faulty regulation. Lloyd Blankfein, CEO of Goldman Sachs, told the panel...
Obama will also criticize the banks for trying to derail financial-regulation reform, which passed the House last week but faces multiple battles after Christmas in the Senate. And he'll scold them for continuing to distribute high bonuses, especially when they reward excessive risk-taking. The senior bank executive...
See the top 10 crooked CEOs.