The Magazine of Corporate Responsibility

Tag Archive for ‘AIG’

What’s Happened to the Big Players in the Financial Crisis?

Widespread demonstrations in support of Occupy Wall Street have put the financial crisis back into the national spotlight lately. So here’s a quick refresher on what’s happened to some of the main players, whose behavior, whether merely reckless or downright deliberate, helped cause or worsen the meltdown.

Dodd-Frank Act: How Financial Reform May Be Going Wrong

Almost a year ago, President Barack Obama signed the Dodd-Frank Wall Street Reform Act into law. Now, some emerging roadblocks reinforce a fear that Dodd-Frank, which was intended to touch on almost every aspect of the American financial system, may never provide the sweeping reform it promised.

In HBO’s ‘Too Big to Fail,’ the Heroes Are Really Zeroes

Pulitzer Prize winner Jesse Eisinger says HBO’s “Too Big To Fail” The Movie is the story of how three leading financial figures in U.S. government “didn’t see the financial crisis coming; hadn’t prepared for it; made mistake after mistake as it was cresting; and then, in their moment of triumph, made their most colossal blunder of all.”

Figuring Executive Compensation: Obama Finds It Isn’t Easy

For all of President Obama’s recent criticism of “fat cats” on Wall Street, his administration and the Congress have thus far proven unable to even begin addressing the issue in any fundamental way. New evidence of that can be found in the current The New York Times Magazine cover story, which focuses on the work of Kenneth Feinberg, the “pay czar” for companies receiving bailouts under the federal government’s TARP program.

BOOKS: Andrew Ross Sorkin’s “Too Big To Fail”

New York Times reporter Andrew Ross Sorkin’s “Too Big to Fail” is too good to put down. Chock-a-block with color and fly-on-the-wall detail, it chronicles bankers and government regulators searching desperately for solutions to the global financial crisis of 2008.