financial crisis

Bankers may yet face federal prosecution for their roles in the 2008 financial crisis, U.S. Attorney General Eric Holder said today. “We have ongoing investigations that may perhaps produce individual prosecutions,” Holder said, defending the Justice Department’s handling of probes that have resulted in large financial settlements but few criminal prosecutions. [Bloomberg]

  • 30 Apr 2014 at 2:23 PM

Prison Watch ’14: Anglo-Irish Bank Execs

Instead of doing time, the two stars of Ireland’s financial crisis will be probably just be picking up trash on the side of the highway. Read more »

What did then-Treasury Secretary Hank Paulson think of the big bonuses banks paid out circa the financial crisis? While he didn’t say anything at the time, apparently the only thing standing between said banks and HP’s fists was the fact that Paulson was able to successfully talk himself out of going down there* and showing everyone how he earned the nickname “Dirty Thunder” back at Dartmouth. After holding his tongue for five years, Paulson finally decided to open up and tell Andrew Ross Sorkin how he really feels. Read more »

  • 03 Jan 2012 at 3:47 PM

Area Man Nips Future Financial Crisis In The Bud

First answer this: how did we get ourselves in trouble the last time around? Bill Cohan’s known for years and has finally now had his theory vindicated. It’s pretty simple, really: the people at the top of our nation’s financial firms are whack jobs. Nut cases. Loonies. Crazy bitches. Out of their minds. Certifiably in-hold me Angelo R. Mozilo-sane. Next time around, we must be vigilant to only let known lunatics enter industries where they pose less of a risk to society, like medicine or childcare. Read more »

According to Ted Papadopoulos, who’d been struggling with how to get people to listen when he said the financial crisis was caused not just by bankers but consumers, “The whole thing was an organic process. One day my good friend called me up and said, ‘You know what? You’ve been frustrated for so long, write a song about it.’ And I said, ‘done’.” Read more »

For those of you living in the past, this should prove exciting! Read more »