Members of AIG's financial-products unit should take heart. Yes, Obama administration pay czar Kenneth Feinberg is coming down on them with the awesome power of his czardom, dictating that their pay not exceed $200,000 a year. ...more

October 28, 2009

The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds. ...more

March 26, 2009

Just a month or so ago, the stock market plunged because investors did not like Treasury Secretary Timothy F. Geithner's outline of a plan for removing toxic assets from bank balance sheets. This week, Mr. Geithner announced the details and - what do you know? - the market shot up. Obviously, the market's mood swings are not the best indicator of Mr. Geithner's merits or of his plan's. But what's new as of Monday is that we have a fuller basis for evaluating his program. And the best judgment is: It's worth a try, but hardly guaranteed to succeed. ...more

March 25, 2009

Divided over the best way to fight the economic downturn, finance officials of the leading industrial nations agreed Saturday to commit more money to help developing countries, step up efforts to revive bank lending and regulate hedge funds. ...more

March 15, 2009

The leaders of Germany, Britain, France and other European nations called Sunday for the resources of the International Monetary Fund to double, to $500 billion, to help head off new problems in countries already hit hard by the global economic and financial crisis. ...more

February 23, 2009

LOS ANGELES (AP) - The long-shot story of Jamal Malik in "Slumdog Millionaire" mirrors the uphill struggle to get the movie made. Given the recession and a slumping DVD market, an independent film like "Slumdog" might not survive today's Hollywood economics. ...more

February 22, 2009

The wife of disgraced money manager Bernard Madoff withdrew more than $15 million from a firm co-owned by her husband — including $10 million on the day before his arrest on charges he ran a $50 billion Ponzi scheme, the top security regulator in Massachusetts said Wednesday. ...more

February 11, 2009

Home prices in Pasco and Hernando counties have dropped nearly 40 percent since the peak of the housing boom, according to a report released Tuesday. ...more

February 11, 2009

Home prices in Pasco and Hernando counties have dropped nearly 40 percent since the peak of the housing boom, according to a report released this morning. ...more

February 10, 2009

As Arthur G. Nadel made his way to New York on Thursday under the watchful eye of U.S. marshals, the clock ticked away on the 30-day time limit faced by prosecutors to indict the man accused of a hedge fund swindle before they would have to set him free. ...more

February 6, 2009