Article: Financial Finger-Pointing Turns to Regulators

Article - Media

Financial Finger-Pointing Turns to Regulators

Louise Story, Gretchen Morgenson

New York Times, 22 November 2011

In the whodunit of the financial crisis, Wall Street executives have pointed the blame at all kinds of parties — consumers who lied on their mortgage applications, investors who demanded access to risky mortgage bonds, and policy makers who kept interest rates low and failed to predict a housing market collapse.

But a new defense has been mounted by a bank executive: my regulator told me to do it.

Read full article.

Article: Some lawmakers also shorted stocks, congressional records show

Article - Media

Some lawmakers also shorted stocks, congressional records show

Robert O’Harrow Jr., Dan Keating

The Washington Post, 5 May 2010

As Congress criticized Wall Street for the proliferation of risky derivatives investments and short-selling practices in recent years, some lawmakers privately made highly speculative investments in derivatives funds that sometimes aimed to profit from a decline in the overall performance of the stock market or Treasury bonds, congressional financial disclosure forms show.

Read full article.