Or so Sen. Ensign seems to be saying.
Is it possible there aren't enough lobbyists running around Washington right now? That seems to be the way Sen. John Ensign, R-Nev., sees it.
Ensign asked Goldman (GS) finance chief David Viniar at Tuesday's hearing of the Senate Permanent Subcommittee on Investigations what changes he would make to financial regulations to prevent another global financial bust.
Viniar replied that he believes banks should have to MORE
Colin Barr - Apr 29, 2010 9:03 AM ET
Photo: Seth Anderson
Colonial Bank, which tried to make the case that it was close to a turnaround, turns out to have been in worse shape than anyone knew.
The plot thickens surrounding last summer's failure of Colonial Bank, the Alabama commercial lender and mortgage warehouser that is the third-biggest bank to fail since the financial meltdown started in 2008.
The inspector general of the Federal Deposit Insurance Corp. said Wednesday MORE
Colin Barr - Apr 28, 2010 4:02 PM ET
If Alan Greenspan hadn't existed, bankers looking to deny their role in the financial crisis would have had to invent him.
Goldman Sachs executives testifying Tuesday before the Senate Permanent Subcommittee on Investigations said they don't believe the firm contributed to the collapse of the financial system two years ago. It was one of the few questions to which they supplied unequivocal answers.
"We did not cause the financial crisis," managing director MORE
Colin Barr - Apr 27, 2010 3:25 PM ET
The biggest banks can be blamed for many things, but causing a debt crisis in California isn't one of them.
So concludes a report issued Thursday by the state's treasurer, Bill Lockyer. He said data collected over the past month shows the big derivatives-dealing banks aren't conspiring to send the state's bond yields higher.
The report says that since 2007, the big derivatives-dealing banks – Bank of America (BAC), Barclays, Citigroup (C), MORE
Colin Barr - Apr 22, 2010 3:31 PM ET
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| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 12.29 | -0.45 | -3.53% |
| Bank of America Corp... | 7.26 | -0.04 | -0.55% |
| Frontier Communicati... | 4.22 | -0.25 | -5.59% |
| Juniper Networks Inc... | 21.56 | -0.81 | -3.62% |
| Cisco Systems Inc | 19.54 | -0.29 | -1.45% |
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|---|---|---|---|
| Dow | 12,652.66 | -81.97 | -0.64% |
| Nasdaq | 2,809.91 | 4.63 | 0.17% |
| S&P 500 | 1,314.05 | -4.38 | -0.33% |
| Treasuries | 1.93 | -0.00 | -0.26% |
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