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News & Updates
Source: Washington Post
The financial regulation law signed by President Obama on Wednesday will arguably affect no federal agency more than it does the Securities and Exchange Commission.
July 22, 2010 Financial reform law: What's in it and how does it work?Source: Christian Science Monitor
The financial reform bill signed into law by President Obama Wednesday constitutes a sweeping attempt to reallocate power from Wall Street to Washington and prevent future financial crises. Will it Work?
July 22, 2010 Obama signs sweeping Wall Street overhaul into lawSource: Reuters
President Barack Obama signed into law on Wednesday the most comprehensive financial regulatory overhaul since the Great Depression, vowing to stop risky behavior on Wall Street that imperiled the U.S. economy
July 21, 2010 Countrywide made preferential loans to Fannie Mae and Freddie Mac employees, congressional panel findsSource: LA Times
A congressional investigation has found that Countrywide Financial Corp. made 173 preferential mortgage loans to employees of housing finance giants Fannie Mae and Freddie Mac, which purchased many of the company's loans. The...
July 20, 2010 Evening Buzz: NAACP: We were 'snookered' by Sherrod tapeSource: CNN
Did the Obama Administration and NAACP rush to judge Shirley Sherrod, the U.S. Agriculture Department official, who says she was forced to resign? Sherrod says yes. At issue is the video posted online that shows Sherrod...
July 20, 2010 Sherrod Firing Shows Federal Overreaction on Race IssuesSource: NewsWeek blog
Well, that was quick. Less than a day after she was forced to resign from her job as a state-level USDA director following the discovery of a video that purportedly showed her recalling racist behavior toward a white farmer, the...
Source: CBS News
A high-ranking black employee of the U.S. Department of Agriculture has resigned after remarks she made about race were distributed by conservative web sites and aired on Fox News. A video clip of Shirley Sherrod, the USDA's...
July 16, 2010 Goldman Sachs ‘Victory’ Ushers Change for Wall StreetSource: Bloomberg/BusinessWeek
Goldman Sachs Group Inc.’s $550 million settlement with U.S. regulators yesterday will benefit the firm by ending three months of uncertainty at an affordable price. Now the rest of Wall Street begins calculating the cost.
July 16, 2010 BP Faces Scrutiny in Lockerbie CaseSource: NY Times
LONDON — The oil giant BP faced a new furor on Thursday as it confirmed that it had lobbied the British government to conclude a prisoner-transfer agreement that the Libyan government wanted to secure the release of the only...
July 15, 2010 Nestlé Will Drop Claims of Health Benefit in DrinkSource: NY Times
According to a recent Nestlé ad campaign aimed at parents, a drink called Boost Kid Essentials was so good for children that it could keep them from getting colds and missing school.
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