Despite the savings and loan meltdown that hit the country some 20 years ago, many states at the center of that maelstrom apparently didn’t learn the obvious lesson: Regulation is…
At least one congressional lawmaker is calling for the appointment of a special counsel to probe Wall Street’s operations, as a global financial crisis apparently sparked by the U.S. mortgage…
Unusual circumstances call for unusual transactions, as documents newly filed with the SEC concerning the government’s planned $85 billion bailout of insurance giant American International Group…
Continuing economic turmoil in the U.S. and internationally is prompting a number of major law firms to form special multidisciplinary practice groups to help clients deal with financial crises. In…
Moving fast in the midst of an extraordinarily troubled U.S. economy, federal regulators seized—and sold—the troubled Washington Mutual bank last night.
“Regulators simultaneously brokered an emergency sale of virtually all…
As officials in the Bush administration put on a full-court press this week to persuade Congress to enact emergency financial rescue legislation at a price tag…
After several days of high-level lobbying for emergency legislation allowing the federal government to spend some $700 billion to shore up the nation’s struggling economy, an agreement reportedly was reached…
Updated: Despite warnings that the alternative is an economic tailspin, as well as an agreement today by U.S. Treasury Secretary Henry Paulson to limit top executive pay as a…
Federal Reserve Chairman Ben Bernanke and U.S. Treasury Secretary Henry Paulson were the men of the hour last week, stepping in with a viable emergency plan as the U.S. economy…
Lending credence to concerns that short-selling may have contributed to the sudden downslide of several major names on Wall Street during recent market turmoil, the U.S. Securities and Exchange Commission…