Regardless of my belief that Republicans are being ridiculous by trying to make a scandal out of the SEC allowing a public comment period for a rule change prompted by the JOBS Act, I think I’m pretty clear on the record about the SEC’s failings as a regulatory body. William Cohan wrote well on this [...]

I was just on KPFK in Los Angeles with RJ Eskow, and we have fairly similar ideas about the foreclosure fraud settlement, even though they may sound different. He thinks that we need to use the pressure available to ensure that the settlement is a beginning and not an ending. I’m just trying to be [...]

A lawyer for the New York Federal Reserve Bank is out with a statement claiming that Timothy Geithner played no role in the incident where lawyers instructed AIG to hide key elements of their payments to counter-parties. The New York Federal Reserve Bank did not bring securities law disclosures for insurer American International Group Inc. [...]

Ed Towns, the chairman of the House Oversight and Government Reform Committee, just announced that he would hold hearings into the emails that show how the New York Federal Reserve delayed disclosure of AIG counter-party payments, hiding public information from federal regulators. The statement is below. Towns wants to hold the hearing the week of [...]

The New York Times ran an important op-ed from Eliot Spitzer, Frank Partnoy and William Black, calling on the Obama Administration to release the paper trail on the AIG deal: A.I.G. was at the center of the web of bad business judgments, opaque financial derivatives, failed economics and questionable political relationships that set off the [...]