Matt Taibbi has a Rolling Stone article describing how the Securities and Exchange Commission has been destroying evidence from its investigations for almost 20 years. Under a deal the SEC worked out with the National Archives and Records … [Read more...]
Bashful Barney
How is it that the brilliant, wisecracking, reporter-bullying Barney Frank has become such a toothless tiger on financial reform? Oct. 8 (Bloomberg) -- Legislation by Representative Barney Frank to tighten derivatives regulation contains an … [Read more...]
Government’s role in the subprime mortgage crisis
[Cross-posted from the Accountable Strategies blog]The New Republic reports that the government has overlooked an apparent conflict of interest on the part of these rating organizations. The conflict stems from the fact that … [Read more...]