Wall Street responded favorably to a White House plan to prop up money market funds and buy up bad mortgages that could cost taxpayers hundreds of billions...
The collapse of Bear Stearns and Lehman Brothers, and the bailouts of Fannie Mae, Freddie Mac and AIG, have led to an inevitable call for more regulation...
Financial chaos reigned on Wall Street Monday, a day that started with the collapse of Lehman Bros. and takeover of Merrill Lynch, and ended with insurance giant AIG on the verge of securing an emergency loan to keep itself solvent...
During the recent turmoil, short selling has been widely blamed by managers, the media and the Securities and Exchange Commission (SEC) for causing unwarranted declines in the value of financial institutions...
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.