Spitzer had some pointed criticism for the way the Obama administration has been handling the bank bailouts.

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This weekend is the one-year anniversary of the bailout. But the Daily Beast's Nomi Prins says the too-big-to-fail banks have only gotten bigger—and much worse could be on its way.

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The Reluctant Nominee Henry Paulson's memoir, On the Brink: Inside the Race to Stop the Collapse of the Global Financial System, will be published next month, and its appearance will reopen all the old debates over his tenure.

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There are a number of stories out there about Goldman Sachs gaining unfair advantage in the financial markets. One concerns a former employee who allegedly swiped a special program to maximize automated stock trades.

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The Real Wall Street "At a time when legitimate businesses and financial services firms are subjected to ridicule and contempt on a daily basis, it's worth noting that the private sector is living up to its financial commitment to the 9/11 memorial under way at ground zero.

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Exclusive book excerpt: Bestselling author William Cohan uncovers the inner workings of the misadventure that brought down Bear Stearns and foreshadowed the financial crisis to come.

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The U.S. government bailed out Citigroup Inc, agreeing to shoulder most of the potential losses on $306 billion of high risk assets, in its most sweeping rescue of a U.S. bank yet in the global economic crisis.

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"Michael Alix, chief risk officer at Bear Stearns from 2006 until its demise in March, was named senior vice president in the Bank Supervision Group of the New York Fed on Oct.

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Two former Bear Stearns managers have been arrested, federal authorities said Thursday, becoming the first executives to face criminal charges related to the collapse of the subprime mortgage market.

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The news media have covered recent economic trials with four times as much negativity as they covered the worst economic period in the nation's history - the Great Depression - a new study from the Business & Media Institute shows.

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The bailout of Bear Sterns delayed a catastrophe...but it may not have prevented it. The complex web of derivatives that are managed and owned by many key players make any possible failures suicidal for the entire financial system.

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Surprise, surprise...who would have expected that some insiders would have tried to profit from this? The Bear Sterns $2.00 price was widely known almost 24 hours before it became 'public' and it seems much trading activity reflects that.

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BOSTON -- Wall Street bank Bear Stearns (BSC - Cramer's Take - Stockpickr) is right at the heart of the subprime mortgage meltdown. It's reeling from massive, multibillion-dollar losses at two hedge funds.

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You have to go back to the banking crisis of the Great Depression to find a moment when the financial system as a whole seemed so close to the precipice.

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The word on the street is that Bear Stearns has a lot to answer for in terms of how some of its managers handled these funds and the information they put out to the public.

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This could be more than a hiccup: the global credit crunch may force some of the biggest and most prestigious names in finance to write off 10% of some of their loans...and the word is a not insignficant number of other ones on their books are looking less than healthy.

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Bear Stearns Companies, the investment bank, pledged up to $3.2 billion in loans yesterday to bail out one of its hedge funds that was collapsing because of bad bets on subprime mortgages.

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So much for Chinese Walls, perhaps. Whilst there is no smoking gun yet, there is more than a trace of burnt cordite wafting in the breeze. UBS and Bearn Sterns may well have been privvy to inside information that they may have used to mislead the public with.

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