There were many factors that contributed to our recent financial bubble: deregulation, cheap money from the Fed, failure to enforce remaining regulations, crony capitalism, hubris, speculation, leverage, and fraud among other problems.
SEC accused An employee at the Securities and Exchange Commission has accused the regulatory agency of destroying at least 9,000 documents relating to inquiries of Wall Street banks and hedge funds.of destroying files
But the Dodd-Frank Act makes that an especially painful option to consider for midsize banks like First Horizon National Corp., USAA Federal Savings, Rabobank and New York Community Bancorp.
Credit Suisse, the second-largest bank in Switzerland, has too much to lose by fighting the Justice Department and risking indictment, said lawyers not involved in the case. Prosecutors told the bank last month that it is a target of a probe into its form