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Chrysler LLC's largest banks reached a tentative agreement with the U.S. government to exchange $6.9 billion in secured debt for $2 billion cash, say three people with knowledge of the negotiations. ...more
April 29, 2009
"Dead Aid: Why Aid is Not Working and How There is a Better for Africa," by Dambisa Moyo (Farrar, Straus and Giroux, $24) ...more
March 29, 2009
SEC Accountant Exiting The top accountant in the Securities and Exchange Commission's enforcement branch is leaving for a private sector job next month, in what could herald a wave of departures from the embattled agency. ...more
December 31, 2008
Gov. David Paterson said Friday that the loss of tax revenue from just six Goldman Sachs' executives will cost New York $178 million. ...more
December 19, 2008
Stock in Tampa's WellCare Health Plans Inc. lost two-thirds of its value after disclosing that it hired Goldman Sachs Group Inc. to help raise capital needed to pay off debts due in May 2009, and would restate earnings. ...more
November 14, 2008
With their new capital infusions, Wall Street's last surviving stand-alone global investment banks are loading up for the future, even while reports circulate that their era has ended. ...more
September 27, 2008
Be scared. Be very, very scared. Congress, sign on the dotted line quickly before the world ends. I've seen this movie before and if "Bush-Cheney: The Sequel" goes the way of the original, we're in trouble. ...more
September 26, 2008
Goldman Sachs Group, seeking to improve not only its balance sheet but its standing with investors, has undertaken a huge capital-raising program that includes an investment of at least $5 billion from Warren Buffett and a common stock offering for another $5 billion. ...more
September 25, 2008
Here's the truth about why Treasury Secretary Hank Paulson wants $700 billion of your money to bail out stupid financial companies. It's not about protecting you, the unwitting American. It's about protecting people such as him. ...more
September 24, 2008
This is the peak of the hurricane season in the financial markets. ...more
September 19, 2008
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