Business

A Short History of the Highly Contested Consumer Financial Protection Bureau

A Short History of the Highly Contested Consumer Financial Protection Bureau

The U.S. Consumer Financial Protection Bureau (CFPB) has suffered from partisan bickering and is thought to have been ineffective thus far with only a few key accomplishments.

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How Much is Facebook Worth? Company Will IPO With a $100 Billion Valuation

How Much is Facebook Worth? Company Will IPO With a $100 Billion Valuation

Facebook's long-anticipated IPO has been announced for late May, and it is looking to raise $10 billion at a $100 billion investment. Here's why its stock may be a good investment.

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Jon Corzine Testifies in Congress on MF Global Collapse

Jon Corzine Testifies in Congress on MF Global Collapse

Today, Jon Corzine appears before the first of several congressional committees regarding the bankruptcy of MF Global and the disappearance of client funds.

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OpenMic: Did Hank Paulson Give Hedge Funds Advance Notice?

OpenMic: Did Hank Paulson Give Hedge Funds Advance Notice?

A recent Bloomberg story reports that Henry Paulson, who served as Secretary of the Treasury under President George W. Bush, gave hedge funds advance word that the government was getting ready to bailout Fannie Mae and Freddie Mac in 2008.

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Wall Street Pay Cuts Would Hurt the Financial Industry, Despite Popular Demand For Them

Wall Street Pay Cuts Would Hurt the Financial Industry, Despite Popular Demand For Them

A number of Wall Street banks are mulling pay freezes and pay cuts. This may calm public outcry, but is bad for the financial industry.

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Vatican's Plan to Stabilize the Global Financial System Is Unrealistic

Vatican's Plan to Stabilize the Global Financial System Is Unrealistic

The Vatican's proposal for a new global financial system is ambitious and admirable. However, its recommendations are unrealistic at this time.

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Office Hours: The Next Credit Crisis

Office Hours: The Next Credit Crisis

Join the Debate: Banks are increasingly able to influence policy decisions. Should the financial system be the focus of America's economic reconstruction?

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