Goldman Sachs
Policy advisor to Goldman Sachs and author of the 2002 book, Take on the Street: What Wall Street and Corporate America Don’t Want You to Know and What You Can Do to Fight Back; former chairman of the US Securities and Exchange Commission (1993-2001); senior adviser at the Carlyle Group
Are Wall Street Execs Getting Off Easy for Committing Fraud? Federal Judge Jed Rakoff is still considering Citigroup's latest settlement of fraud charges brought by the Securities and Exchange Commission. It follows a familiar pattern — for Goldman Sachs, Morgan Stanley, JP Morgan Chase, Bank of America —and for Citigroup itself. But for corporate executives there's no shame and no pain. We hear how the latest case against Citigroup fits into a troubling pattern.
SEC Settlements Raise Questions about Watchdog's Teeth A federal judge is still considering Citigroup's latest settlement of fraud charges brought by the Securities and Exchange Commission. Citigroup did not have to admit wrongdoing and received a fine critics call "a slap on the wrist," that shareholders, not executives, will have to pay. It follows a familiar pattern — for Goldman Sachs, Morgan Stanley, JP Morgan Chase, Bank of America and Citigroup itself -- that has even some insiders asking who is the SEC working for? Is it protecting consumers or big banks? Why aren't company executives being hauled into court, especially if their practices helped bring about the collapse of the housing market?
Can a Broken Financial System Be Fixed? Where were the regulators? With an economy in meltdown and one financial scandal after another making breaking news, it's a question that won't go away. Were government watchdogs muzzled by de-regulation or just asleep on the job? Who was regulating whom? What kind of reform is needed to protect the economy from the free-wheeling dealing that led to widespread financial failures?
Can a Broken Financial System Be Fixed? Where were the regulators? With an economy in meltdown and one financial scandal after another making breaking news, it's a question that won't go away. Were government watchdogs muzzled by de-regulation or just asleep on the job? Who was regulating whom? What kind of reform is needed to protect the economy from the free-wheeling dealing that led to widespread financial failures?
One Year Later: Rebuilding from the Thomas Fire This week marks one year since the Thomas Fire descended on the city of Ventura. It burned more than 500 homes within city limits. Since then, roughly half of those properties have received the green-light to start construction, but only a handful have actually broken ground. We visit one neighborhood where some of the first homes are getting rebuilt.
[ ██████████ ] Mueller’s sentencing memo for Michael Flynn might have redacted “all the sexy parts,” but Josh Barro and Ken White speculate on the black bars.
One Year Later: City of Ventura Faced the Thomas Fire When the Thomas Fire hit the city limits, residents fled for their lives. They recall midnight evacuations and near misses.
Repainting the Sheriff's department, tan and green Barring any unforeseen changes, there will be a new L.A. County Sheriff at the start of next week. Alex Villanueva defeated sitting Sheriff, Jim McDonnell, in this month’s midterms after running a partisan campaign that lead to the first ouster of a sitting Sheriff in more than a century. Villanueva told KCRW this week that his goal is to rid the department of officials that, he said, contributed to a corrupt culture under previous leadership. But there is a lot of concern about what that will look like and if recent reforms could be rolled back.