BROTHERS GRIM — Larry McDonald, who worked for the ill-fated Lehman Brothers investment bank, speaks at a KPU event about the company’s bankruptcy filing in September 2008. McDonald blamed the Board of Directors for the …

On the speaking tour at Franklin Templeton and Danske Bank, it has been my mission to have more transparency of risk. It’s great to see some heavy hitters picking up the torch!

States may be forced to reduce benefits, raise taxes or slash government services to address a $1 trillion funding shortfall in public sector retirement benefits, according to a new study that warns of even more debilitating costs if immediate action isn’t taken.

Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules.

White House economic adviser Paul Volcker urged Congress Tuesday to rein in risky investing by big banks to prevent them from becoming “too big to fail.”

The New York Times
Neil M. Barofsky is not a household name like some special investigators of the past — Kenneth Starr during the Clinton administration or Archibald Cox in the Watergate years.
But increasingly, Mr. Barofsky …

By John Detrixhe and Shannon D. Harrington

Jan. 22 (Bloomberg) — The cost to protect against defaults on U.S. corporate bonds rose this week by the most since June as President Barack Obama proposed reigning in …

The International Monetary Fund head has warned that the global economy could experience another downturn - a so-called double dip recession.
Dominique Strauss-Kahn said countries should not exit from stimulus packages that have bolstered growth through …

In 2005, when Timothy Geithner was head of the New York Fed, he ignored one of the greatest dangers our financial markets have ever faced. And that danger was buried deep inside our banks, in the unregulated market of Credit Default Swaps.

By Christopher Condon and Jody Shenn

Jan. 4 (Bloomberg) — To understand the meaning of no good deed goes unpunished, Treasury Secretary Timothy F. Geithner can look no further than Wall Street where the banks that …