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Enforcement officials from the Securities and Exchange Commission and Justice Department said Wednesday that their staffs are targeting the role of Wall Street rating agencies in the financial meltdown.
The swift acquittal of two Bear Stearns executives in the government's criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go to trial, legal experts say.
Secretary-General Ban Ki-moon urged leaders of 20 key nations on Wednesday to approve "a very substantial" stimulus package to help poor countries cope with the global financial crisis.
The global financial crisis is making it easier for organized crime groups to launder profits from narcotics, human trafficking and other illegal activities, the U.N.'s anti-corruption chief said Thursday.
An influential group of British lawmakers said Wednesday that they would hold an inquiry into the role of the media in the banking crisis and whether journalists should be partly gagged in periods of market volatility.
Russian President Dmitry Medvedev on Sunday issued a veiled criticism of his predecessor and mentor Vladimir Putin, saying the Cabinet has dragged its feet in implementing anti-crisis measures.
Prime Minister Vladimir Putin said Monday that Russia's long-term economic goals would remain unchanged and the financial crisis should "raise adrenaline in the blood" to make the Cabinet work harder.
Thousands of car drivers in the Ukrainian capital angrily blew their horns for several minutes Monday, protesting what they call incompetent and corrupt government policies that led to a devastating financial crisis.
Guyana's president says at least two internationally funded projects could be delayed because of the global financial crisis.
Russia would come under crippling financial pressure and may need to raise money externally if oil languishes at an average of $30 a barrel over the next two years, the World Bank predicted Friday.
Ukraine is due to receive a $500 million loan from the World Bank to battle a crippling economic crisis, the country's prime minister and the World Bank said Wednesday.
Kazakhstan's government approved a $10 billion financial rescue package Tuesday that it hopes will lead the oil-rich country out of economic crisis over the next two years.
Russian Prime Minister Vladimir Putin used a meeting of his powerful political party to take center stage Thursday, casting himself as an indispensable leader even as the global financial meltdown threatens the achievements of his boom-time presidency.
Top African finance officials urged wealthy nations Wednesday to help their continent during this weekend's Group of 20 crisis summit, vowing on their part to boost economic reforms and national cash reserves.
Russia's Central Bank on Tuesday eased its defense of the embattled ruble, which fell sharply and triggered a sell-off in stocks as the country faces its worst financial crisis in a decade.
European Union leaders backed a 100-day deadline for world's leading economies to decide urgent global finance reforms, French President Nicolas Sarkozy said Friday.
Kyrgyzstan's economy minister said Tuesday that the global economic crisis may drive the impoverished Central Asian nation to the verge of financial collapse.
EU finance ministers told France on Tuesday that it was going too fast, too soon with plans to push for concrete global financial reforms at a Washington summit next week.
Japan is ready to provide some of its ample cash for any International Monetary Fund bailouts for struggling nations to help stabilize the growing global financial crisis, the finance minister said Friday.
Ukraine's parliament on Friday approved legislation needed for a crucial $16.5 billion International Monetary Fund rescue loan to help the country weather the global financial crisis, which has sent its currency plummeting.
EU governments on Tuesday cleared a 6.5 billion euro ($8.3 billion) loan for Hungary, part of an international package to rescue the country's economy in the wake of the financial crisis.
Ecuador has ruled out abandoning the U.S. dollar as a means of confronting the global financial crisis.
The Ukrainian currency plunged against the dollar Thursday as people raced to exchange booths to convert their savings into U.S currency.
An out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide. A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years.
The head of the International Monetary Fund welcomed a European bank rescue plan on Monday despite its high cost, and predicted that weekend efforts by world leaders would soothe anxious global markets.
Bernanke warns about creating new bubbles - Stocks & economy- msnbc.comWASHINGTON - Stronger regulation is the best way to prevent financial speculation from getting out of hand and throwing the economy in a new crisis, Federal Reserve Chairman Ben Bernanke said Sunday.
China central bank chief Zhou says 2010 is key China's central bank governor has called 2010 a key year in China's fight to overcome the financial crisis. The head of the People's Bank of China, Zhou Xiaochuan, said in a message to employees that its credit policy next year would be a relaxed one.
2009: The Year Wall Street Bounced Back and Main Street Got ShaftedBut if Wall Street is back on top, the everyday lives of large numbers of Americans continue to be subject to overwhelming trauma, chaos and disruption.
Britain's debt now a 'riskier proposition' than Italy's - TelegraphAnother shocking indictment of how far Britain has fallen.
Geithner: There Will Be No 'Second Wave' Crisis - CNBCTreasury Secretary Timothy Geithner said Tuesday the Obama administration is confident it will prevent a repeat of last year's financial crisis, the worst to hit the country in seven decades.
Can the Obama White House Course-Correct in Time to Avoid Hitting the 2010 Iceberg?If the Obama White House is going to change course in time to avoid hitting the looming 2010 electoral iceberg, the president and his advisors need to immediately jettison the notion that the public's widespread anger over joblessness and the bank bailout will be dissipated by th …
Five AIG execs say may quit over pay: report | ReutersIt continues to amaze me of how arrogant these executives can be. Millions of people are unemployed or under employed and these selfish jerks complain about not being paid more money when they are already paid 50 times or more of what the average american is making.
A Dubai-sized economic shoeThe downside to building like there is no tomorrow, and using credit to get you there, is that eventually reality comes calling and you are left holding the bags. Dubai is learning this the hard way.
David Suzuki: Protecting nature in our neighbourhoods saves us money | Vancouver, Canada | Straight.comDavid Suzuki takes an in-depth look at how investment in natural ecosystems, including a strong urban forest, have long term benefits both environmentally and financially.
A Year After Lehman: We Remain at Risk1 year after Lehman crisis, we remain at risk. Little has changed . Another crisis looms.
"Read the Stimulus" advocate Dick Armey slammed for not bothering to read the stimulus bill Yesterday, the House Oversight and Government Reform committee held a hearing on the implementation of the Recovery Act, also known as the stimulus.
U.S. Considers Reining In Too Big To Fail InstitutionsCongress and the Obama administration are about to take up one of the most fundamental issues stemming from the near collapse of the financial system last year — how to deal with institutions that are so big that the government has no choice but to rescue them when they get in …
Household Debt Can Hasten Recovery, When It Goes UnpaidThe pain of millions of people across America losing their homes hardly inspires confidence in the future. But in a brutal way, it could be restoring the financial health of the U.S. consumer faster than many recognize.
Does Economics Violate the Laws of Physics?[this is almost at the end of the article but the rest is worth the read as well]
Young bear brunt of the recessionBright, eager -- and unwanted. While unemployment is ravaging just about every part of the global work force, the most enduring harm is being done to young people who can't grab onto the first rung of the career ladder.
Aid Fueled Latest Surge on Wall StreetEven as the economy continues to struggle, much of Wall Street is minting money — and looking forward again to hefty bonuses.
Public Pensions in Deep Trouble. All These Economic Landmines, Thanks to GOP Policies!The Bush years are certainly the gift that keeps on giving, aren't they? All those people who had jobs with what they thought was a secure future are all going to be scraping by on Social Security.
On Monday October 5, 2009, ABC World News with Charles Gibson ran a feature story titled "The Business of Life Insurance: Betting on your own Mortality." This feature story was clearly motivated by a Front Page article that appeared in the Sunday Edition of the New York T …
New Court Term Hints at Views on Regulating BusinessWASHINGTON — The new Supreme Court term that begins Monday will be dominated by cases concerning corporations, compensation and the financial markets that could signal the justices' attitude toward regulatory constraints at a time of extraordinary government intervention in t …
Volcker: Financial Bailout could make next Wall Street Crisis Worse | Time to stop approving all corporate mergers ,and by law, break super large companies up into smaller companies. No company,by law, should be so large that it's bankruptcy threatens the prosperity of the whole US economy.
Australian Obama lackey, toady KRudd spruiks merits of Australia-inclusive G20 to the UNOz PM Kevin Rudd has delivered a strongly worded warning to the UN that reform is necessary in global institutions and declared the G20 --which includes Australia - should be at the heart of a new international system.
Hungry Get Hungrier As Funding For Food Aid Stutters | United Nations World Food Programme - Fighting Hunger WorldwideThere are more hungry people in the world today than we have seen in living memory. In many developing countries the poor cannot afford to buy food. At the same time, economic woes mean that many rich countries have cut back on funding for food assistance.
The Recession's Racial DivideWhat do you get when you combine the worst economic downturn since the Depression with the first black president? A surge of white racial resentment, loosely disguised as a populist revolt... Despite the sense of white grievance, though, blacks are the ones who are taking the br …
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