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FDIC Probing 50 Banks, but Still No Fall Guy for Financial Crisis

(Nov. 17) -- Remember the savings-and-loan crisis? Charles Keating was the high-profile villain and served four years in prison for fraud. Five senators -- the so-called Keating Five, which included John McCain -- were scolded by the Senate Ethics Committee. Enron also produced some easily identifiable bad guys, most...

Bat Fellatio, Whale Snot Research Honored at Ig Nobel Awards

(Sept. 30) -- Every day of the year, scientists try to solve life's riddles, like how to use a remote control helicopter to retrieve whale snot, and whether or not swearing actually relieves pain. One night of the year, the science world comes together to honor the men and women seeking the answers to these difficult --...

Opinion: SEC Gets It Right on New Investor Rules

(Sept. 2) -- You may think the topic of "proxy access" has nothing to do with you, if you've even heard of the term. But if you own stock, directly or through mutual funds, want to retire someday or want to keep your job, you'd be wrong ... way wrong. The topic and recently announced changes in Securities and Exchange...

Financial Reform Bill Signed into Law: 5 Key Changes Outlined

(July 21) -- President Barack Obama signed the sweeping financial reform bill into law today, just six days after it passed the Senate. The Dodd-Frank Wall Street Reform and Consumer Protection Act is meant to protect consumers, add transparency to the financial markets, and restructure government power so that companies...

What's in the Financial Reform Bill? The 5 Key Changes

(July 15) -- The financial reform bill (what's the financial reform bill, you ask?) was passed in the Senate today and will head to President Barack Obama's desk next. The bill has split the country -- or that part of the country paying attention -- along party lines: Democrats say Wall Street needs to be reined in to...

Background on bear stearns

The Bear Stearns Companies, Inc. (former NYSE ticker symbol BSC) based in New York City, was a global investment bank and securities trading and brokerage, until its sale to JPMorgan Chase in 2008 during the global financial crisis and recession.

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